Empowered Funds LLC Increases Stock Position in Enviri Co. (NYSE:NVRI)

Empowered Funds LLC raised its holdings in shares of Enviri Co. (NYSE:NVRI) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 399,589 shares of the company’s stock after purchasing an additional 20,368 shares during the period. Empowered Funds LLC’s holdings in Enviri were worth $4,132,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NVRI. Innealta Capital LLC bought a new position in shares of Enviri during the second quarter valued at $26,000. CWM LLC raised its position in Enviri by 137.6% in the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after buying an additional 2,392 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Enviri during the 1st quarter valued at about $70,000. SG Americas Securities LLC purchased a new stake in shares of Enviri during the 1st quarter valued at about $100,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Enviri in the third quarter worth approximately $127,000. Institutional investors own 93.43% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st.

Enviri Stock Performance

NVRI stock opened at $6.85 on Monday. The company has a market cap of $548.96 million, a P/E ratio of -5.57 and a beta of 2.22. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $12.79. The stock’s fifty day moving average price is $9.48 and its 200-day moving average price is $9.54.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm had revenue of $573.60 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities analysts forecast that Enviri Co. will post -0.11 earnings per share for the current year.

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.