GAMMA Investing LLC Grows Stake in Enviri Corporation (NYSE:NVRI)

GAMMA Investing LLC grew its stake in shares of Enviri Corporation (NYSE:NVRI) by 8,656.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,651 shares of the company’s stock after acquiring an additional 79,730 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Enviri worth $536,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. grew its position 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 valued at $37,156,000 after purchasing an additional 1,127,647 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Enviri by 3.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company’s stock worth $36,530,000 after buying an additional 155,146 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in shares of Enviri by 14.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock worth $34,464,000 after buying an additional 563,100 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enviri by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company’s stock valued at $34,411,000 after buying an additional 191,777 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Enviri by 26.9% during 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. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Analyst Ratings Changes

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

Enviri Trading Down 0.2%

Shares of NYSE:NVRI opened at $8.40 on Thursday. 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 Corporation has a 1 year low of $4.72 and a 1 year high of $12.79. The company has a market cap of $673.92 million, a P/E ratio of -5.46 and a beta of 1.81. The stock’s fifty day moving average price is $7.33 and its 200-day moving average price is $7.53.

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