Squarepoint Ops LLC increased its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 266.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,949 shares of the company's stock after acquiring an additional 47,974 shares during the period. Squarepoint Ops LLC owned approximately 0.08% of Enviri worth $508,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of NVRI. D. E. Shaw & Co. Inc. grew its position in shares of Enviri by 30.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company's stock valued at $37,156,000 after acquiring an additional 1,127,647 shares during the period. Hsbc Holdings PLC boosted its holdings in Enviri by 5,438.2% in the 4th quarter. Hsbc Holdings PLC now owns 903,051 shares of the company's stock worth $6,873,000 after buying an additional 886,745 shares during the last quarter. Mill Road Capital Management LLC boosted its holdings in Enviri by 82.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company's stock worth $13,823,000 after buying an additional 811,859 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Enviri by 944.3% in the 4th quarter. Bridgewater Associates LP now owns 612,997 shares of the company's stock worth $4,720,000 after buying an additional 554,300 shares during the last quarter. Finally, Meros Investment Management LP boosted its holdings in Enviri by 192.1% in the 4th quarter. Meros Investment Management LP now owns 833,275 shares of the company's stock worth $6,416,000 after buying an additional 547,985 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.
Enviri Price Performance
NVRI stock traded up $0.01 during trading on Friday, hitting $8.20. The stock had a trading volume of 574,297 shares, compared to its average volume of 732,509. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. Enviri Co. has a twelve month low of $4.72 and a twelve month high of $12.79. The stock has a market capitalization of $657.83 million, a P/E ratio of -5.16 and a beta of 1.81. The company's 50-day moving average price is $6.88 and its two-hundred day moving average price is $7.46.
Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The company had revenue of $548.28 million for the quarter, compared to analysts' expectations of $560.00 million. During the same period in the previous year, the firm posted ($0.03) EPS. Enviri's revenue was down 8.7% compared to the same quarter last year. As a group, research analysts predict that Enviri Co. will post -0.13 EPS for the current fiscal year.
Insider Buying and Selling
In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the firm's stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.20 per share, with a total value of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares of the company's stock, valued at $821,072.20. This trade represents a 43.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Russell C. Hochman bought 40,127 shares of the firm's stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This represents a 50.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.
About Enviri
(
Free Report)
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.
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