Point72 Asset Management L.P. Has $3.63 Million Position in Enviri Co. (NYSE:NVRI)

Point72 Asset Management L.P. raised its position in Enviri Co. (NYSE:NVRI - Free Report) by 1,786.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,681 shares of the company's stock after buying an additional 446,681 shares during the period. Point72 Asset Management L.P. owned 0.59% of Enviri worth $3,632,000 as of its most recent SEC filing.

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

Enviri Trading Down 1.8%

NYSE:NVRI traded down $0.14 on Monday, hitting $7.52. 883,143 shares of the stock were exchanged, compared to its average volume of 724,013. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. Enviri Co. has a 52 week low of $4.72 and a 52 week high of $12.79. The stock has a market capitalization of $603.36 million, a price-to-earnings ratio of -4.73 and a beta of 1.79. The company's 50-day moving average price is $6.64 and its 200 day moving average price is $7.39.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $560.00 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. Enviri's revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Enviri Co. will post -0.13 earnings per share for the current year.

Insider Buying and Selling at Enviri

In other news, SVP Russell C. Hochman purchased 40,127 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the transaction, the senior vice president now directly owns 120,357 shares of the company's stock, valued at approximately $754,638.39. The trade was a 50.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $6.20 per share, with a total value of $249,841.40. Following the acquisition, the chief financial officer now 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 disclosure for this purchase can be found here. Insiders own 2.50% of the company's stock.

About Enviri

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.