Quantbot Technologies LP Sells 41,122 Shares of Enviri Corporation $NVRI

Key Points

• Quantbot Technologies LP significantly reduced its stake in Enviri Corporation by 79.2%, holding 10,814 shares valued at approximately $72,000 at the end of the quarter.
• Several other institutional investors, such as Brooklyn Investment Group and GAMMA Investing LLC, increased their positions in Enviri, indicating varying confidence levels among hedge funds.
• Following a recent earnings report, Wall Street analysts downgraded Enviri from a "hold" to a "sell" rating, forecasting a challenging outlook with an anticipated negative EPS for the current year.

Quantbot Technologies LP decreased its stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) by 79.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,814 shares of the company's stock after selling 41,122 shares during the period. Quantbot Technologies LP's holdings in Enviri were worth $72,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings in Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock worth $49,000 after purchasing an additional 7,366 shares in the last quarter. Entropy Technologies LP purchased a new stake in Enviri during the 1st quarter worth about $70,000. Teacher Retirement System of Texas purchased a new stake in Enviri during the 1st quarter worth about $74,000. Kovitz Investment Group Partners LLC purchased a new stake in Enviri during the 1st quarter worth about $78,000. Finally, GAMMA Investing LLC lifted its holdings in Enviri by 1,216.8% during the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock worth $81,000 after purchasing an additional 11,207 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company's stock.

Enviri Price Performance

Shares of Enviri stock traded up $0.57 during trading on Thursday, hitting $11.65. 302,120 shares of the stock traded hands, compared to its average volume of 860,186. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. The stock has a market cap of $939.41 million, a price-to-earnings ratio of -5.94 and a beta of 1.89. The firm's fifty day moving average is $9.54 and its 200-day moving average is $7.92. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $11.70.

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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, the company presently has an average 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.