Mackenzie Financial Corp Lowers Holdings in Enviri Corporation (NYSE:NVRI)

Mackenzie Financial Corp reduced its position in Enviri Corporation (NYSE:NVRI) by 8.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 98,341 shares of the company’s stock after selling 9,426 shares during the quarter. Mackenzie Financial Corp owned about 0.12% of Enviri worth $654,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Enviri by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 398,999 shares of the company’s stock valued at $2,653,000 after acquiring an additional 10,447 shares during the period. Teacher Retirement System of Texas acquired a new position in Enviri during the first quarter worth $74,000. GAMMA Investing LLC raised its holdings in Enviri by 1,216.8% during the first quarter. GAMMA Investing LLC now owns 12,128 shares of the company’s stock worth $81,000 after purchasing an additional 11,207 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in Enviri by 14.4% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock worth $34,464,000 after purchasing an additional 563,100 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Enviri by 10.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,073 shares of the company’s stock valued at $1,471,000 after purchasing an additional 18,292 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enviri Price Performance

Shares of NYSE:NVRI opened at $8.26 on Thursday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.94. The stock’s 50 day moving average price is $8.75 and its 200 day moving average price is $7.78. Enviri Corporation has a 12 month low of $4.72 and a 12 month high of $11.95. The stock has a market cap of $662.13 million, a price-to-earnings ratio of -4.21 and a beta of 1.77.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities research analysts anticipate 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.