Jane Street Group LLC Sells 179,141 Shares of Enviri Co. (NYSE:NVRI)

Jane Street Group LLC decreased its holdings in Enviri Co. (NYSE:NVRI) by 65.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,970 shares of the company’s stock after selling 179,141 shares during the period. Jane Street Group LLC owned about 0.12% of Enviri worth $739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in shares of Enviri during the fourth quarter worth approximately $78,000. Envestnet Asset Management Inc. bought a new position in shares of Enviri during the fourth quarter worth approximately $86,000. AXQ Capital LP bought a new position in shares of Enviri during the fourth quarter worth approximately $88,000. Nebula Research & Development LLC bought a new position in shares of Enviri during the fourth quarter worth approximately $93,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Enviri during the fourth quarter worth approximately $101,000. Institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $6.27 per share, with a total value of $251,596.29. Following the acquisition, the senior vice president now owns 120,357 shares in the company, valued at $754,638.39. This trade represents a 50.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tom George Vadaketh acquired 40,297 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the acquisition, the chief financial officer now owns 132,431 shares in the company, valued at $821,072.20. This represents a 43.74% 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 company insiders.

Enviri Trading Down 1.8%

Shares of NYSE:NVRI opened at $7.52 on Monday. The company has a market capitalization of $603.36 million, a P/E ratio of -4.73 and a beta of 1.79. Enviri Co. has a 1 year low of $4.72 and a 1 year high of $12.79. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The business’s 50 day simple moving average is $6.64 and its 200 day simple moving average is $7.39.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $548.28 million for 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 quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. On average, research analysts anticipate that Enviri Co. will post -0.13 EPS for the current fiscal 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.