Essex Investment Management Co. LLC Has $2.66 Million Stake in Enviri Co. (NYSE:NVRI)

Essex Investment Management Co. LLC reduced its holdings in Enviri Co. (NYSE:NVRI) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 345,875 shares of the company’s stock after selling 42,995 shares during the quarter. Essex Investment Management Co. LLC owned about 0.43% of Enviri worth $2,663,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NVRI. FMR LLC raised its stake in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after purchasing an additional 1,809 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of Enviri by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company’s stock worth $108,000 after purchasing an additional 2,412 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Enviri during the fourth quarter valued at about $126,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Enviri in the third quarter valued at about $127,000. Finally, Zacks Investment Management grew its position in Enviri by 44.7% during the third quarter. Zacks Investment Management now owns 23,708 shares of the company’s stock worth $245,000 after buying an additional 7,323 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Enviri Trading Up 3.7 %

Enviri stock opened at $6.11 on Monday. The business has a 50 day moving average price of $8.31 and a two-hundred day moving average price of $8.80. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12 month low of $5.78 and a 12 month high of $12.79. The stock has a market cap of $489.70 million, a price-to-earnings ratio of -3.84 and a beta of 2.19.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. During the same period in the prior year, the company posted ($0.07) earnings per share. As a group, equities analysts forecast that Enviri Co. will post -0.13 EPS 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.