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

Point72 Asset Management L.P. lifted its position in Enviri Co. (NYSE:NVRI - Free Report) by 1,786.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 471,681 shares of the company's stock after purchasing an additional 446,681 shares during the quarter. Point72 Asset Management L.P. owned 0.59% of Enviri worth $3,632,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in shares of Enviri in the 4th quarter worth about $78,000. Envestnet Asset Management Inc. bought a new stake in Enviri during the 4th quarter worth about $86,000. AXQ Capital LP bought a new stake in Enviri during the 4th quarter worth about $88,000. Nebula Research & Development LLC bought a new stake in Enviri during the 4th quarter worth about $93,000. Finally, Aquatic Capital Management LLC bought a new stake in Enviri during the 4th quarter worth about $101,000. Institutional investors own 93.43% of the company's stock.

Enviri Price Performance

NYSE:NVRI traded down $0.14 during mid-day trading on Friday, reaching $7.52. 883,143 shares of the company were exchanged, compared to its average volume of 722,325. Enviri Co. has a 12 month low of $4.72 and a 12 month high of $12.79. The company has a fifty day moving average of $6.64 and a 200 day moving average of $7.39. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The stock has a market cap of $603.36 million, a PE ratio of -4.73 and a beta of 1.79.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS 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 firm had revenue of $548.28 million for the quarter, compared to analyst estimates of $560.00 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company's revenue was down 8.7% on a year-over-year basis. On average, research analysts anticipate that Enviri Co. will post -0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.27 per share, with a total value of $251,596.29. Following the purchase, the senior vice president now owns 120,357 shares of the company's stock, valued at $754,638.39. This trade represents a 50.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Tom George Vadaketh bought 40,297 shares of Enviri stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at approximately $821,072.20. The trade was 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.

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.