Enviri Corporation (NYSE:NVRI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Enviri Corporation (NYSE:NVRI) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,926 shares of the company’s stock after selling 13,332 shares during the quarter. Rhumbline Advisers owned about 0.30% of Enviri worth $1,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi grew its stake in shares of Enviri by 262.3% in the fourth quarter. Amundi now owns 58,278 shares of the company’s stock valued at $491,000 after buying an additional 42,194 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Enviri during the 4th quarter worth $943,000. Invesco Ltd. grew its stake in Enviri by 26.9% during the 4th quarter. Invesco Ltd. now owns 2,126,739 shares of the company’s stock worth $16,376,000 after purchasing an additional 450,327 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in 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 in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Enviri by 266.9% during the 4th quarter. Squarepoint Ops LLC now owns 65,949 shares of the company’s stock worth $508,000 after purchasing an additional 47,974 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th.

Enviri Stock Down 0.2%

Shares of NYSE NVRI opened at $8.40 on Thursday. The business has a 50-day moving average of $7.33 and a two-hundred day moving average of $7.53. The company has a market capitalization of $673.92 million, a price-to-earnings ratio of -5.46 and a beta of 1.81. Enviri Corporation 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 3.21, a current ratio of 1.28 and a quick ratio of 0.94.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. The business had revenue of $548.28 million during the quarter, compared to analysts’ expectations of $560.00 million. Enviri had a negative return on equity of 3.43% and a negative net margin of 5.39%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. On average, analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

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.