UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 24,280 Shares of Enviri Co. (NYSE:NVRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Enviri Co. (NYSE:NVRI) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,781 shares of the company’s stock after selling 24,280 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Enviri worth $1,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Enviri during the 2nd quarter valued at about $26,000. CWM LLC boosted its position in shares of Enviri by 137.6% in the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after purchasing an additional 2,392 shares in the last quarter. FMR LLC boosted its position in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Enviri by 205.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock worth $83,000 after buying an additional 5,411 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Enviri during the 3rd quarter valued at approximately $127,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Shares of Enviri stock opened at $7.51 on Monday. Enviri Co. has a 1 year low of $6.57 and a 1 year high of $12.79. The firm’s 50-day moving average is $8.36 and its 200 day moving average is $9.44. The stock has a market cap of $601.81 million, a price-to-earnings ratio of -6.11 and a beta of 2.17. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99.

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

Analyst Ratings Changes

Separately, BMO Capital Markets dropped their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, November 1st.

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.