Enviri Co. (NYSE:NVRI) Stock Holdings Raised by Creative Planning

Creative Planning increased its holdings in Enviri Co. (NYSE:NVRI) by 36.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,003 shares of the company’s stock after buying an additional 8,242 shares during the period. Creative Planning’s holdings in Enviri were worth $321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Essex Investment Management Co. LLC boosted its holdings in shares of Enviri by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 388,870 shares of the company’s stock valued at $4,021,000 after buying an additional 1,056 shares during the period. CWM LLC boosted its holdings in shares of Enviri by 37.1% in the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock valued at $59,000 after buying an additional 1,532 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Enviri by 154.7% in the 3rd quarter. SG Americas Securities LLC now owns 27,456 shares of the company’s stock valued at $284,000 after buying an additional 16,678 shares during the period. Algert Global LLC boosted its holdings in shares of Enviri by 85.3% in the 2nd quarter. Algert Global LLC now owns 170,266 shares of the company’s stock valued at $1,469,000 after buying an additional 78,393 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Enviri in the 2nd quarter valued at about $543,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their target price on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, November 1st.

Enviri Trading Up 0.1 %

Enviri stock opened at $7.10 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average price of $9.89 and a two-hundred day moving average price of $9.56. The firm has a market capitalization of $568.96 million, a price-to-earnings ratio of -5.77 and a beta of 2.22. Enviri Co. has a 52-week low of $5.64 and a 52-week high of $12.79.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Sell-side analysts expect that Enviri Co. will post -0.11 earnings per share for the current year.

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.