Tom George Vadaketh Purchases 40,297 Shares of Enviri Co. (NYSE:NVRI) Stock

Enviri Co. (NYSE:NVRI) CFO Tom George Vadaketh bought 40,297 shares of the business’s stock in a transaction on Friday, March 14th. The stock was bought at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. The trade was a 43.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Enviri Stock Up 4.5 %

NYSE:NVRI opened at $6.86 on Thursday. The company’s 50-day simple moving average is $8.02 and its 200-day simple moving average is $8.53. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. Enviri Co. has a fifty-two week low of $5.67 and a fifty-two week high of $12.79. The stock has a market capitalization of $549.86 million, a P/E ratio of -4.31 and a beta of 2.19.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same period last year, the firm earned ($0.07) earnings per share. On average, equities analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in Enviri by 90.0% in the third quarter. Jane Street Group LLC now owns 275,111 shares of the company’s stock worth $2,845,000 after acquiring an additional 130,292 shares in the last quarter. Barclays PLC raised its position in shares of Enviri by 344.8% in the 3rd quarter. Barclays PLC now owns 132,106 shares of the company’s stock valued at $1,367,000 after purchasing an additional 102,405 shares during the last quarter. FMR LLC boosted its stake in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares in the last quarter. BNP Paribas Financial Markets grew its position in Enviri by 18.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company’s stock worth $355,000 after purchasing an additional 5,342 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Enviri by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock valued at $19,020,000 after purchasing an additional 28,166 shares in the last quarter. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

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.