Quest Partners LLC Takes $293,000 Position in Enviri Co. (NYSE:NVRI)

Quest Partners LLC bought a new stake in Enviri Co. (NYSE:NVRI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,321 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVRI. Innealta Capital LLC acquired a new stake in Enviri during the second quarter worth about $26,000. CWM LLC raised its stake in Enviri by 137.6% during the second quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after acquiring an additional 2,392 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Enviri during the first quarter worth about $70,000. SG Americas Securities LLC acquired a new stake in Enviri during the first quarter worth about $100,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Enviri during the third quarter worth about $127,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

NYSE NVRI opened at $7.45 on Tuesday. Enviri Co. has a 52 week low of $5.65 and a 52 week high of $12.79. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The stock has a market cap of $597.04 million, a price-to-earnings ratio of -6.06 and a beta of 2.22. The company has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $9.53.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, October 31st. The company reported ($0.01) 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 the consensus estimate of $613.63 million. During the same quarter last year, the company posted $0.05 EPS. Enviri’s revenue for the quarter was down 3.9% on a year-over-year basis. Analysts forecast that Enviri Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Separately, BMO Capital Markets dropped 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 note on Friday, November 1st.

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.