KLP Kapitalforvaltning AS Purchases 8,500 Shares of Enviri Corporation $NVRI

KLP Kapitalforvaltning AS grew its position in Enviri Corporation (NYSE:NVRI) by 63.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,800 shares of the company’s stock after acquiring an additional 8,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Enviri were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enviri by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after acquiring an additional 2,028 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Enviri by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 91,933 shares of the company’s stock worth $798,000 after buying an additional 2,373 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Enviri by 7.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 47,902 shares of the company’s stock worth $415,000 after buying an additional 3,434 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enviri by 46.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,993 shares of the company’s stock worth $132,000 after buying an additional 4,774 shares during the period. Finally, Brooklyn Investment Group lifted its position in shares of Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company’s stock worth $49,000 after buying an additional 7,366 shares during the period. Institutional investors own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVRI. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Wednesday, October 8th. Wall Street Zen downgraded Enviri from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Enviri Trading Up 4.7%

Shares of NVRI opened at $12.93 on Tuesday. The stock has a fifty day moving average price of $11.61 and a two-hundred day moving average price of $9.18. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.88 and a current ratio of 1.19. Enviri Corporation has a 52-week low of $4.72 and a 52-week high of $12.95. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -6.59 and a beta of 1.93.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The business had revenue of $562.25 million during the quarter, compared to the consensus estimate of $576.50 million. Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS. Enviri has set its FY 2025 guidance at -0.520–0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. Analysts predict that Enviri Corporation will post -0.13 EPS for the current fiscal 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.