Enviri Co. (NYSE:NVRI) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Enviri Co. (NYSE:NVRI - Free Report) by 5,438.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 903,051 shares of the company's stock after purchasing an additional 886,745 shares during the period. Hsbc Holdings PLC owned about 1.13% of Enviri worth $6,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in Enviri by 3.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company's stock valued at $36,530,000 after buying an additional 155,146 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enviri by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company's stock valued at $34,411,000 after acquiring an additional 191,777 shares during the period. Invesco Ltd. raised its position in Enviri by 26.9% in the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company's stock valued at $16,376,000 after purchasing an additional 450,327 shares during the last quarter. Brightline Capital Management LLC boosted its stake in Enviri by 10.5% during the 4th quarter. Brightline Capital Management LLC now owns 1,105,000 shares of the company's stock worth $8,508,000 after purchasing an additional 105,000 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Enviri by 33.8% during the 4th quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company's stock worth $5,065,000 after purchasing an additional 166,125 shares during the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Stock Performance

NYSE NVRI traded up $0.13 during trading on Friday, reaching $7.10. The company's stock had a trading volume of 790,561 shares, compared to its average volume of 703,400. Enviri Co. has a twelve month low of $4.72 and a twelve month high of $12.79. The firm has a market cap of $569.51 million, a price-to-earnings ratio of -4.47 and a beta of 1.97. The business's fifty day moving average price is $6.28 and its 200-day moving average price is $7.55. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25.

Enviri (NYSE:NVRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. The firm had revenue of $548.28 million during the quarter, compared to the consensus estimate 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 revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. As a group, analysts anticipate that Enviri Co. will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling at Enviri

In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction dated Friday, March 14th. The stock was 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 owns 132,431 shares in the company, valued at approximately $821,072.20. This represents a 43.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Russell C. Hochman purchased 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the acquisition, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This trade 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 corporate insiders.

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.