Enviri Corporation $NVRI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Enviri Corporation (NYSE:NVRI) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,341 shares of the company’s stock after selling 1,329 shares during the period. Mutual of America Capital Management LLC’s holdings in Enviri were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in shares of Enviri by 231.7% in the second quarter. CWM LLC now owns 4,893 shares of the company’s stock valued at $42,000 after purchasing an additional 3,418 shares during the period. Brooklyn Investment Group increased its holdings in Enviri by 11,332.3% in 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. Entropy Technologies LP acquired a new position in Enviri in the 1st quarter worth approximately $70,000. Teacher Retirement System of Texas acquired a new position in Enviri in the 1st quarter worth approximately $74,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Enviri in the 1st quarter worth approximately $78,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NVRI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Enviri from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.00.

Enviri Price Performance

NYSE:NVRI opened at $12.30 on Friday. Enviri Corporation has a 52 week low of $4.72 and a 52 week high of $13.53. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. The stock has a market capitalization of $992.08 million, a PE ratio of -6.28 and a beta of 1.93. The stock’s 50-day moving average price is $12.10 and its 200-day moving average price is $9.57.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) EPS 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 business had revenue of $562.25 million during the quarter, compared to analyst estimates of $576.50 million. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter 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. As a group, equities analysts expect 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.