Enviri Co. (NYSE:NVRI) Holdings Lowered by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in Enviri Co. (NYSE:NVRI) by 27.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,099 shares of the company’s stock after selling 57,852 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Enviri worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NVRI. Innealta Capital LLC bought a new stake in Enviri in the second quarter worth about $26,000. CWM LLC boosted its holdings 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 buying an additional 2,392 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Enviri in the first quarter worth approximately $70,000. SG Americas Securities LLC acquired a new stake in shares of Enviri during the 1st quarter valued at $100,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Enviri during the 3rd quarter worth $127,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets reduced their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, November 1st.

Enviri Stock Up 0.9 %

Shares of NYSE:NVRI opened at $7.52 on Wednesday. The firm has a 50 day simple moving average of $9.15 and a 200 day simple moving average of $9.52. Enviri Co. has a 52 week low of $5.65 and a 52 week high of $12.79. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. The company has a market cap of $602.25 million, a PE ratio of -6.06 and a beta of 2.22.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The business had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts expect 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.