Charles Schwab Investment Management Inc. decreased its stake in shares of Enviri Corporation (NYSE:NVRI – Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 922,064 shares of the company’s stock after selling 108,547 shares during the period. Charles Schwab Investment Management Inc. owned 1.15% of Enviri worth $6,132,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NVRI. Teacher Retirement System of Texas acquired a new position in Enviri during the first quarter valued at approximately $74,000. Dark Forest Capital Management LP acquired a new position in shares of Enviri in the 4th quarter worth approximately $78,000. GAMMA Investing LLC grew its position in shares of Enviri by 1,216.8% in the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company’s stock worth $81,000 after acquiring an additional 11,207 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Enviri during the 4th quarter worth approximately $86,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after purchasing an additional 1,631 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.
Enviri Stock Performance
NYSE NVRI opened at $11.37 on Thursday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a market capitalization of $917.31 million, a price-to-earnings ratio of -5.80 and a beta of 1.77. The company’s fifty day moving average is $9.26 and its two-hundred day moving average is $7.85. Enviri Corporation has a 52-week low of $4.72 and a 52-week high of $11.95.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Enviri from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.
Read Our Latest Research Report on Enviri
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.
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