Millennium Management LLC Reduces Stock Holdings in Enviri Corporation (NYSE:NVRI)

Millennium Management LLC lowered its holdings in Enviri Corporation (NYSE:NVRI - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,921 shares of the company's stock after selling 657,644 shares during the quarter. Millennium Management LLC's holdings in Enviri were worth $99,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in shares of Enviri in the fourth quarter worth approximately $78,000. Envestnet Asset Management Inc. bought a new stake in Enviri during the fourth quarter worth $86,000. AXQ Capital LP purchased a new stake in Enviri in the 4th quarter valued at $88,000. Nebula Research & Development LLC purchased a new stake in Enviri in the 4th quarter valued at $93,000. Finally, Aquatic Capital Management LLC bought a new position in Enviri during the 4th quarter valued at $101,000. Institutional investors and hedge funds own 93.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Enviri from a "sell" rating to a "hold" rating in a research note on Saturday.

Enviri Stock Down 1.1%

NVRI stock traded down $0.09 during trading on Tuesday, reaching $8.42. The stock had a trading volume of 514,558 shares, compared to its average volume of 735,076. Enviri Corporation has a one year low of $4.72 and a one year high of $12.79. The company's 50 day moving average is $7.28 and its two-hundred day moving average is $7.52. The company has a quick ratio of 0.94, a current ratio of 1.28 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $675.37 million, a price-to-earnings ratio of -5.47 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, beating the consensus estimate of ($0.21) by $0.03. The company had revenue of $548.28 million during the quarter, compared to analyst estimates of $560.00 million. Enviri had a negative return on equity of 3.43% and a negative net margin of 5.39%. Enviri's quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Equities research analysts forecast that Enviri Corporation will post -0.13 EPS 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.