Enviri Corporation $NVRI Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Enviri Corporation (NYSE:NVRI) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,846,370 shares of the company’s stock after selling 30,195 shares during the quarter. Geode Capital Management LLC owned 2.29% of Enviri worth $16,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVRI. CWM LLC grew its position in Enviri by 231.7% during the second quarter. CWM LLC now owns 4,893 shares of the company’s stock worth $42,000 after buying an additional 3,418 shares during the period. Brooklyn Investment Group raised its position in shares of Enviri by 11,332.3% in the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company’s stock valued at $49,000 after buying an additional 7,366 shares during the last quarter. Entropy Technologies LP purchased a new position in Enviri during the first quarter worth about $70,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Enviri during the 1st quarter worth about $78,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Stock Performance

Shares of NVRI stock opened at $18.41 on Tuesday. The stock’s fifty day simple moving average is $13.32 and its 200-day simple moving average is $10.83. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $18.74. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -9.39 and a beta of 1.92. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $574.82 million for the quarter, compared to analysts’ expectations of $573.60 million. Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.Enviri’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS. Q4 2025 guidance at -0.260–0.130 EPS. On average, sell-side analysts predict that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NVRI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research note on Wednesday, October 8th. Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Enviri currently has a consensus rating of “Sell”.

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.