Enviri (NYSE:NVRI) Downgraded to “Sell” Rating by Wall Street Zen

Enviri (NYSE:NVRI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Enviri Trading Down 1.9%

NYSE NVRI opened at $8.67 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. Enviri has a twelve month low of $4.72 and a twelve month high of $11.95. The company has a market cap of $698.83 million, a price-to-earnings ratio of -4.42 and a beta of 1.77. The business’s fifty day moving average is $8.78 and its 200 day moving average is $7.77.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $562.25 million for the quarter, compared to analyst estimates of $576.50 million. During the same period last year, the business earned $0.02 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Enviri will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NVRI. HG Vora Capital Management LLC bought a new stake in Enviri in the 1st quarter valued at about $23,275,000. D. E. Shaw & Co. Inc. increased its holdings 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. Neuberger Berman Group LLC increased its holdings in Enviri by 21.2% during the 1st quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company’s stock worth $38,299,000 after purchasing an additional 1,008,706 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Enviri by 5,438.2% during the 4th quarter. Hsbc Holdings PLC now owns 903,051 shares of the company’s stock worth $6,873,000 after purchasing an additional 886,745 shares in the last quarter. Finally, Mill Road Capital Management LLC increased its holdings in Enviri by 82.6% during the 4th quarter. Mill Road Capital Management LLC now owns 1,795,131 shares of the company’s stock worth $13,823,000 after purchasing an additional 811,859 shares in the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

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.