Fmr LLC Has $73,000 Stake in Enviri Co. (NYSE:NVRI)

Fmr LLC boosted its stake in shares of Enviri Co. (NYSE:NVRI) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,069 shares of the company’s stock after acquiring an additional 1,809 shares during the quarter. Fmr LLC’s holdings in Enviri were worth $73,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Enviri by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock worth $5,617,000 after buying an additional 15,084 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Enviri by 7,413.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,194 shares of the company’s stock valued at $209,000 after purchasing an additional 23,872 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Enviri by 8.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 138,087 shares of the company’s stock valued at $1,192,000 after purchasing an additional 10,391 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enviri by 24.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,247 shares of the company’s stock worth $149,000 after purchasing an additional 3,342 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Enviri by 6.3% during the second quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after purchasing an additional 26,129 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

Shares of NVRI stock opened at $7.63 on Wednesday. Enviri Co. has a 1 year low of $6.57 and a 1 year high of $12.79. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The firm’s 50 day moving average is $8.03 and its 200-day moving average is $9.38. The firm has a market capitalization of $611.43 million, a price-to-earnings ratio of -6.20 and a beta of 2.17.

Enviri (NYSE:NVRI) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. Sell-side analysts forecast that Enviri Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Enviri Company 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.