216,736 Shares in Enviri Corporation $NVRI Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Enviri Corporation, purchasing 216,736 shares valued at approximately $1.44 million, representing 0.27% of the company at the end of the reporting period.
• Enviri recently reported a quarterly earnings miss, with an EPS of ($0.22), falling short of analysts' expectations of ($0.11), and a year-over-year revenue decline of 7.9%.
• Despite recent investments from large institutional investors, a downgrade from Wall Street Zen shifted Enviri's stock rating from "hold" to "sell," reflecting cautious sentiment among analysts.

Nuveen LLC purchased a new position in shares of Enviri Corporation (NYSE:NVRI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 216,736 shares of the company's stock, valued at approximately $1,441,000. Nuveen LLC owned 0.27% of Enviri as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVRI. Entropy Technologies LP acquired a new stake in shares of Enviri during the 1st quarter valued at about $70,000. Envestnet Asset Management Inc. acquired a new stake in shares of Enviri during the 4th quarter valued at about $86,000. Teacher Retirement System of Texas acquired a new stake in shares of Enviri during the 1st quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after acquiring an additional 1,631 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Enviri by 1,216.8% during the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock valued at $81,000 after acquiring an additional 11,207 shares during the period. 93.43% of the stock is owned by institutional investors and hedge funds.

Enviri Price Performance

NVRI stock traded up $0.68 during trading on Thursday, hitting $11.76. The stock had a trading volume of 742,346 shares, compared to its average volume of 863,113. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.97. The stock has a market capitalization of $948.42 million, a P/E ratio of -6.01 and a beta of 1.89. The company's 50-day moving average price is $9.54 and its two-hundred day moving average price is $7.92.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The firm had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company's quarterly revenue 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. As a group, research analysts predict that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Enviri Company 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.