Enviri Co. (NYSE:NVRI) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 266.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,949 shares of the company's stock after purchasing an additional 47,974 shares during the period. Squarepoint Ops LLC owned about 0.08% of Enviri worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP bought a new position in shares of Enviri during the fourth quarter valued at approximately $78,000. Envestnet Asset Management Inc. purchased a new stake in Enviri during the fourth quarter worth $86,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after buying an additional 1,631 shares during the period. AXQ Capital LP bought a new stake in Enviri during the 4th quarter valued at $88,000. Finally, Nebula Research & Development LLC bought a new stake in Enviri during the 4th quarter valued at $93,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Stock Up 0.1%

Shares of NVRI traded up $0.01 during trading hours on Friday, hitting $8.20. The company had a trading volume of 574,297 shares, compared to its average volume of 732,509. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $657.83 million, a PE ratio of -5.16 and a beta of 1.81. Enviri Co. has a one year low of $4.72 and a one year high of $12.79. The company's fifty day moving average price is $6.88 and its two-hundred day moving average price is $7.47.

Enviri (NYSE:NVRI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.03. The company had revenue of $548.28 million for the quarter, compared to analyst estimates of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. As a group, equities analysts forecast that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at Enviri

In other Enviri news, CFO Tom George Vadaketh acquired 40,297 shares of the stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $6.20 per share, with a total value of $249,841.40. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Russell C. Hochman bought 40,127 shares of Enviri 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 completion of the transaction, the senior vice president now directly owns 120,357 shares in the company, valued at $754,638.39. This represents a 50.01% increase in their ownership of the stock. 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.