Algert Global LLC Has $1.55 Million Stake in Enviri Co. (NYSE:NVRI)

Algert Global LLC decreased its position in Enviri Co. (NYSE:NVRI) by 11.8% in the third quarter, HoldingsChannel reports. The firm owned 150,206 shares of the company’s stock after selling 20,060 shares during the period. Algert Global LLC’s holdings in Enviri were worth $1,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVRI. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Enviri by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company’s stock valued at $46,005,000 after buying an additional 62,298 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Enviri by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after buying an additional 249,181 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in shares of Enviri by 3.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after buying an additional 132,000 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Enviri by 11.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after buying an additional 383,395 shares during the period. Finally, Leeward Investments LLC MA boosted its stake in shares of Enviri by 93.5% during the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock valued at $9,398,000 after buying an additional 439,102 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Enviri Stock Down 2.4 %

Enviri stock opened at $7.33 on Friday. The company has a market capitalization of $587.39 million, a P/E ratio of -5.96 and a beta of 2.22. The firm’s fifty day simple moving average is $8.97 and its 200-day simple moving average is $9.49. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. Enviri Co. has a 1-year low of $5.65 and a 1-year high of $12.79.

Enviri (NYSE:NVRI) last released 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). The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Sell-side analysts forecast that Enviri Co. will post -0.11 earnings per share for the current fiscal year.

Enviri Company 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.