Angelo Gordon & CO. L.P. Has $14.96 Million Holdings in Enviri Corporation $NVRI

Angelo Gordon & CO. L.P. cut its holdings in Enviri Corporation (NYSE:NVRI) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,178,773 shares of the company’s stock after selling 54,662 shares during the period. Enviri makes up 1.8% of Angelo Gordon & CO. L.P.’s investment portfolio, making the stock its 19th biggest holding. Angelo Gordon & CO. L.P. owned 1.46% of Enviri worth $14,959,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NVRI. AlphaQuest LLC boosted its stake in shares of Enviri by 1,077.5% during the 3rd quarter. AlphaQuest LLC now owns 102,243 shares of the company’s stock worth $1,297,000 after acquiring an additional 93,560 shares in the last quarter. Pertento Partners LLP acquired a new position in shares of Enviri during the 3rd quarter valued at about $43,542,000. 1060 Capital LLC bought a new position in shares of Enviri in the 2nd quarter valued at approximately $5,604,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Enviri in the 2nd quarter valued at approximately $166,000. Finally, XTX Topco Ltd acquired a new stake in Enviri in the 2nd quarter worth approximately $860,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Trading Up 0.1%

Shares of Enviri stock opened at $17.86 on Friday. Enviri Corporation has a 52-week low of $4.72 and a 52-week high of $19.48. The firm has a market capitalization of $1.45 billion, a PE ratio of -8.42 and a beta of 1.77. The company has a debt-to-equity ratio of 5.18, a current ratio of 1.14 and a quick ratio of 0.85. The company’s fifty day moving average price is $18.60 and its two-hundred day moving average price is $15.77.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. Enviri had a negative net margin of 7.62% and a negative return on equity of 13.47%. The company had revenue of $555.01 million during the quarter, compared to the consensus estimate of $550.90 million. During the same period last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NVRI shares. CJS Securities upgraded Enviri to a “hold” rating in a report on Thursday, December 11th. Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Thursday, January 22nd. Zacks Research upgraded shares of Enviri to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.00.

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.