Enviri Corporation $NVRI Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Enviri Corporation by 9.4% during Q1, selling 200,576 shares and now holding approximately 1.93 million shares valued at $12.8 million.
• Enviri's stock has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, with an average target price of $10.00.
• Enviri reported a net loss in the last quarter, with an EPS of ($0.22), missing estimates by ($0.11), alongside a 7.9% decrease in revenue compared to the previous year.

Invesco Ltd. lowered its position in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 9.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,926,163 shares of the company's stock after selling 200,576 shares during the period. Invesco Ltd. owned approximately 2.40% of Enviri worth $12,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in shares of Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. purchased a new stake in shares of Enviri in the 4th quarter valued at $86,000. Teacher Retirement System of Texas purchased a new position in Enviri during the 1st quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after purchasing an additional 1,631 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Enviri in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 93.43% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Enviri from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.00.

Enviri Stock Up 1.9%

NVRI stock traded up $0.21 during trading on Friday, hitting $11.28. 1,639,938 shares of the company's stock were exchanged, compared to its average volume of 1,262,625. The business has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $7.88. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. The stock has a market capitalization of $909.81 million, a price-to-earnings ratio of -5.76 and a beta of 1.77. Enviri Corporation has a 52-week low of $4.72 and a 52-week high of $11.95.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The company had revenue of $562.25 million for the quarter, compared to analysts' expectations of $576.50 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The firm's quarterly revenue was down 7.9% compared to the same quarter last year. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. As a group, equities research analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.