Public Sector Pension Investment Board Raises Holdings in Enviri Corporation $NVRI

Key Points

• The Public Sector Pension Investment Board increased its stake in Enviri Corporation by 26.6%, owning 254,114 shares worth approximately $1.69 million.
• Enviri's recent earnings report showed a loss of ($0.22) EPS, missing analysts' forecasts and marking a 7.9% decline in revenue compared to the previous year.
• Wall Street analysts have recently downgraded Enviri's stock rating from "hold" to "sell", with an average price target of $10.00.

Public Sector Pension Investment Board grew its holdings in Enviri Corporation (NYSE:NVRI - Free Report) by 26.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,114 shares of the company's stock after buying an additional 53,423 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Enviri worth $1,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Entropy Technologies LP purchased a new stake in Enviri in the 1st quarter valued at $70,000. Teacher Retirement System of Texas purchased a new position in Enviri during the first quarter worth about $74,000. Dark Forest Capital Management LP purchased a new position in Enviri during the fourth quarter worth about $78,000. GAMMA Investing LLC boosted its holdings in Enviri by 1,216.8% in the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock valued at $81,000 after purchasing an additional 11,207 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Enviri in the 4th quarter valued at about $86,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 5.8%

Shares of Enviri stock traded up $0.6050 during trading hours on Friday, hitting $11.1250. The company's stock had a trading volume of 1,281,055 shares, compared to its average volume of 995,835. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.95. The firm has a fifty day moving average of $9.09 and a 200-day moving average of $7.80. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.88 and a current ratio of 1.19.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The business had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The business's revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. On average, equities analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Enviri from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.