Enviri Sees Unusually Large Options Volume (NYSE:NVRI)

Enviri Corporation (NYSE:NVRI) saw some unusual options trading on Thursday. Traders purchased 3,178 call options on the stock. This is an increase of approximately 133% compared to the average volume of 1,363 call options.

Enviri Stock Performance

Shares of NYSE NVRI opened at $18.96 on Friday. The company has a debt-to-equity ratio of 3.71, a current ratio of 1.20 and a quick ratio of 0.90. Enviri has a one year low of $4.72 and a one year high of $19.32. The business’s 50-day moving average price is $17.72 and its two-hundred day moving average price is $13.41. The company has a market capitalization of $1.53 billion, a P/E ratio of -9.12 and a beta of 1.78.

Enviri (NYSE:NVRI) last announced its quarterly earnings results 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 analyst estimates of $573.60 million. Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. Analysts anticipate that Enviri will post -0.13 earnings per share for the current fiscal year.

Insider Activity at Enviri

In other news, SVP Jennifer Ott Kozak sold 9,692 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total transaction of $176,200.56. Following the completion of the sale, the senior vice president owned 8,181 shares in the company, valued at approximately $148,730.58. This represents a 54.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pertento Partners LLP acquired a new stake in shares of Enviri in the third quarter worth about $43,542,000. Newtyn Management LLC boosted its stake in Enviri by 69.1% during the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock valued at $21,484,000 after purchasing an additional 691,949 shares during the period. Davidson Kempner Capital Management LP bought a new stake in Enviri during the 3rd quarter valued at approximately $21,367,000. Millennium Management LLC grew its holdings in Enviri by 4,621.0% in the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock valued at $17,098,000 after buying an additional 1,318,833 shares during the last quarter. Finally, Angelo Gordon & CO. L.P. bought a new position in Enviri in the 2nd quarter worth approximately $10,706,000. Institutional investors own 93.43% of the company’s stock.

Analyst Upgrades and Downgrades

NVRI has been the topic of several recent analyst reports. Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded Enviri to a “hold” rating in a report on Tuesday, December 16th. CJS Securities raised Enviri to a “hold” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.