VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Holdings in Enviri Corporation $NVRI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Enviri Corporation (NYSE:NVRI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 47,600 shares of the company’s stock, valued at approximately $413,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Enviri at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Enviri by 1,216.8% in the 1st quarter. GAMMA Investing LLC now owns 12,128 shares of the company’s stock valued at $81,000 after buying an additional 11,207 shares during the period. Teacher Retirement System of Texas purchased a new stake in Enviri in the 1st quarter valued at about $74,000. Principal Financial Group Inc. boosted its position in Enviri by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 398,999 shares of the company’s stock valued at $2,653,000 after buying an additional 10,447 shares during the period. GSA Capital Partners LLP boosted its position in Enviri by 56.4% in the 1st quarter. GSA Capital Partners LLP now owns 98,906 shares of the company’s stock valued at $658,000 after buying an additional 35,681 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Enviri during the first quarter valued at approximately $70,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Stock Performance

Shares of NVRI opened at $13.40 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -6.84 and a beta of 1.93. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $9.38. Enviri Corporation has a 12 month low of $4.72 and a 12 month high of $13.53.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NVRI shares. Wall Street Zen cut shares of Enviri from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Saturday. One research 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 an average rating of “Reduce” and an average price target of $10.00.

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.