State of Alaska Department of Revenue Grows Stock Holdings in Enviri Corporation $NVRI

State of Alaska Department of Revenue raised its position in shares of Enviri Corporation (NYSE:NVRI) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,902 shares of the company’s stock after buying an additional 3,434 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Enviri worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 11,207 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Enviri by 83.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 140,065 shares of the company’s stock worth $931,000 after buying an additional 63,827 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Enviri by 26.6% during the first quarter. Public Sector Pension Investment Board now owns 254,114 shares of the company’s stock worth $1,690,000 after buying an additional 53,423 shares during the period. HG Vora Capital Management LLC purchased a new position in shares of Enviri during the first quarter worth $23,275,000. Finally, Strs Ohio purchased a new position in shares of Enviri during the first quarter worth $552,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Stock Up 1.0%

Enviri stock opened at $11.85 on Friday. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $12.84. 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 stock has a market cap of $955.70 million, a PE ratio of -6.05 and a beta of 1.93. The stock’s fifty day moving average is $11.10 and its two-hundred day moving average is $8.87.

Enviri (NYSE:NVRI) last posted 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 business had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.520–0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. On average, sell-side analysts expect that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a report on Wednesday. Wall Street Zen lowered Enviri from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $10.00.

Enviri 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.