Jane Street Group LLC Lowers Stock Holdings in Enviri Co. (NYSE:NVRI)

Jane Street Group LLC cut its holdings in Enviri Co. (NYSE:NVRI - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,970 shares of the company's stock after selling 179,141 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of Enviri worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVRI. Dark Forest Capital Management LP purchased a new position in Enviri in the fourth quarter valued at about $78,000. Envestnet Asset Management Inc. purchased a new position in shares of Enviri in the 4th quarter worth approximately $86,000. AXQ Capital LP bought a new position in shares of Enviri during the 4th quarter worth approximately $88,000. Nebula Research & Development LLC purchased a new stake in Enviri during the fourth quarter valued at approximately $93,000. Finally, Aquatic Capital Management LLC acquired a new stake in Enviri in the fourth quarter valued at approximately $101,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Stock Up 0.4%

Shares of NVRI stock traded up $0.03 during trading hours on Friday, reaching $8.18. 39,460 shares of the company's stock were exchanged, compared to its average volume of 897,256. Enviri Co. has a fifty-two week low of $4.72 and a fifty-two week high of $12.79. The stock's 50 day moving average is $6.73 and its 200-day moving average is $7.41. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The company has a market cap of $656.46 million, a price-to-earnings ratio of -5.15 and a beta of 1.79.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The business had revenue of $548.28 million for the quarter, compared to analyst estimates of $560.00 million. During the same quarter in the prior year, the business posted ($0.03) EPS. Enviri's revenue for the quarter was down 8.7% compared to the same quarter last year. Analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the transaction, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at approximately $821,072.20. This trade represents a 43.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Russell C. Hochman bought 40,127 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now owns 120,357 shares of the company's stock, valued at $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.

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.