Strs Ohio Buys Shares of 83,000 Enviri Corporation $NVRI

Key Points

• Strs Ohio acquired 83,000 shares of Enviri Corporation valued at approximately $552,000, marking a new position for the fund.
• Enviri reported a loss of ($0.22) earnings per share in its latest quarterly earnings, missing estimates, and reflected a 7.9% decline in revenue year-over-year.
• After a downgrade to a "sell" rating by Wall Street Zen, Enviri's stock has a consensus rating of "Hold" and an average price target of $10.00.

Strs Ohio purchased a new stake in shares of Enviri Corporation (NYSE:NVRI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 83,000 shares of the company's stock, valued at approximately $552,000. Strs Ohio owned about 0.10% of Enviri as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enviri by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock valued at $347,000 after buying an additional 1,572 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Enviri by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 23,876 shares of the company's stock valued at $184,000 after buying an additional 7,325 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Enviri by 11,332.3% during the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after buying an additional 7,366 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Enviri by 2.7% during the first quarter. Principal Financial Group Inc. now owns 398,999 shares of the company's stock valued at $2,653,000 after buying an additional 10,447 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Enviri during the first quarter valued at approximately $70,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Enviri from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Enviri Stock Performance

NVRI stock traded down $0.18 during mid-day trading on Friday, reaching $12.30. 1,710,326 shares of the stock traded hands, compared to its average volume of 1,273,152. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. Enviri Corporation has a one year low of $4.72 and a one year high of $12.84. The business has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $8.35.

Enviri (NYSE:NVRI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). The company had revenue of $562.25 million for the quarter, compared to analysts' expectations of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The firm's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Enviri 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.