Squarepoint Ops LLC Boosts Holdings in Enviri Co. (NYSE:NVRI)

Squarepoint Ops LLC grew its position in shares of Enviri Co. (NYSE:NVRI) by 266.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,949 shares of the company’s stock after buying an additional 47,974 shares during the quarter. Squarepoint Ops LLC owned 0.08% of Enviri worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Amundi boosted its position in shares of Enviri by 262.3% during the 4th quarter. Amundi now owns 58,278 shares of the company’s stock worth $491,000 after purchasing an additional 42,194 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Enviri during the 4th quarter worth approximately $943,000. Invesco Ltd. lifted its position in shares of Enviri by 26.9% in the fourth quarter. Invesco Ltd. now owns 2,126,739 shares of the company’s stock valued at $16,376,000 after acquiring an additional 450,327 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Enviri by 30.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company’s stock worth $37,156,000 after purchasing an additional 1,127,647 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Enviri by 38,371.1% during the fourth quarter. Quantbot Technologies LP now owns 51,936 shares of the company’s stock worth $400,000 after acquiring an additional 51,801 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

NVRI opened at $8.13 on Thursday. 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 quick ratio of 0.99 and a current ratio of 1.25. The company’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $7.44. The stock has a market capitalization of $652.13 million, a PE ratio of -5.11 and a beta of 1.81.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The business 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 business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, sell-side analysts expect that Enviri Co. will post -0.13 EPS for the current year.

Insiders Place Their Bets

In other Enviri news, SVP Russell C. Hochman bought 40,127 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $6.27 per share, with a total value of $251,596.29. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Tom George Vadaketh purchased 40,297 shares of Enviri stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the transaction, the chief financial officer now owns 132,431 shares of the company’s stock, 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 insiders.

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.