Kathmere Capital Management LLC Makes New Investment in Enviri Corporation $NVRI

Key Points

• Kathmere Capital Management LLC has made a new investment in Enviri Corporation, purchasing 27,272 shares valued at approximately $237,000 in the second quarter.
• Enviri's stock recently rose by 2.5%, with shares opening at $12.56, while the company reported a negative EPS of ($0.22) for the last quarter, missing consensus estimates.
• Wall Street analysts have downgraded Enviri from a "hold" rating to a "sell" rating, reflecting growing concern about the company's financial performance.

Kathmere Capital Management LLC bought a new position in Enviri Corporation (NYSE:NVRI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,272 shares of the company's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NVRI. Brooklyn Investment Group increased its holdings in Enviri by 11,332.3% in the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock worth $49,000 after purchasing an additional 7,366 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Enviri in the 1st quarter valued at about $70,000. Teacher Retirement System of Texas bought a new stake in shares of Enviri in the 1st quarter valued at about $74,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Enviri in the 1st quarter valued at about $78,000. Finally, GAMMA Investing LLC grew its position in shares of Enviri by 1,216.8% in the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock valued at $81,000 after buying an additional 11,207 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

Enviri Stock Up 2.5%

Shares of Enviri stock opened at $12.56 on Tuesday. Enviri Corporation has a one year low of $4.72 and a one year high of $12.84. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The stock's 50-day moving average is $10.68 and its 200 day moving average is $8.61. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -6.41 and a beta of 1.89.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.22) EPS 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 business had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm's revenue for the quarter was down 7.9% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. Equities research analysts anticipate that Enviri Corporation will post -0.13 EPS for the current year.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.00.

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.

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