Millennium Management LLC cut its stake in shares of Enviri Co. (NYSE:NVRI - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,921 shares of the company's stock after selling 657,644 shares during the period. Millennium Management LLC's holdings in Enviri were worth $99,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Enviri by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock valued at $347,000 after acquiring an additional 1,572 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Enviri by 27.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 439,959 shares of the company's stock worth $3,388,000 after purchasing an additional 94,492 shares during the period. Graham Capital Management L.P. increased its position in Enviri by 8.7% during the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after purchasing an additional 1,443 shares during the period. Deutsche Bank AG increased its position in Enviri by 44.0% during the 4th quarter. Deutsche Bank AG now owns 73,189 shares of the company's stock worth $564,000 after purchasing an additional 22,355 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Enviri by 30.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock worth $37,156,000 after purchasing an additional 1,127,647 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Enviri from a "sell" rating to a "hold" rating in a research report on Saturday.
Check Out Our Latest Report on Enviri
Enviri Stock Performance
NYSE NVRI opened at $8.42 on Friday. 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 business's 50 day moving average is $7.15 and its two-hundred day moving average is $7.50. Enviri Co. has a 12-month low of $4.72 and a 12-month high of $12.79. The stock has a market capitalization of $675.39 million, a price-to-earnings ratio of -5.30 and a beta of 1.81.
Enviri (NYSE:NVRI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. The company had revenue of $548.28 million for the quarter, compared to analysts' expectations of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm's quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Research analysts expect that Enviri Co. will post -0.13 EPS for the current year.
About Enviri
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enviri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enviri wasn't on the list.
While Enviri currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
