Jacobs Levy Equity Management Inc. Has $1.04 Million Stock Position in Enviri Corporation $NVRI

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Enviri Corporation ($NVRI) by 64.5%, now owning approximately 156,101 shares worth $1,038,000.
• Enviri's recent earnings report showed a loss of ($0.22) earnings per share, missing expectations and signifying a 7.9% decline in revenue year-over-year.
• Wall Street analysts have downgraded Enviri from a "hold" to a "sell" rating, with a consensus price target of $10.00.

Jacobs Levy Equity Management Inc. trimmed its holdings in Enviri Corporation (NYSE:NVRI - Free Report) by 64.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,101 shares of the company's stock after selling 283,858 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.19% of Enviri worth $1,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. HG Vora Capital Management LLC acquired a new stake in shares of Enviri during the 1st quarter valued at approximately $23,275,000. Neuberger Berman Group LLC raised its position in shares of Enviri by 21.2% during the 1st quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company's stock valued at $38,299,000 after acquiring an additional 1,008,706 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Enviri by 14.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock valued at $34,464,000 after acquiring an additional 563,100 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Enviri by 1,786.7% during the 4th quarter. Point72 Asset Management L.P. now owns 471,681 shares of the company's stock valued at $3,632,000 after acquiring an additional 446,681 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Enviri during the 1st quarter valued at approximately $1,441,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Enviri Price Performance

NVRI stock traded down $0.04 during trading hours on Wednesday, hitting $12.47. 1,531,886 shares of the stock traded hands, compared to its average volume of 1,271,788. The stock has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $8.24. Enviri Corporation has a one year low of $4.72 and a one year high of $12.80. The company has a market cap of $1.01 billion, a P/E ratio of -6.36 and a beta of 1.89. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results 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 net margin of 7.02% and a negative return on equity of 7.86%. The firm had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. During the same period in the prior year, the business earned $0.02 EPS. The company'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. Equities analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.

Enviri Profile

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.