Wealth Enhancement Advisory Services LLC Invests $127,000 in Enviri Co. (NYSE:NVRI)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Enviri Co. (NYSE:NVRI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,277 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Enviri in the 2nd quarter worth about $26,000. CWM LLC increased its holdings in Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after purchasing an additional 2,392 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Enviri in the first quarter valued at approximately $70,000. SG Americas Securities LLC bought a new position in shares of Enviri during the 1st quarter worth approximately $100,000. Finally, Hsbc Holdings PLC grew its position in shares of Enviri by 10.1% during the 2nd quarter. Hsbc Holdings PLC now owns 15,174 shares of the company’s stock worth $130,000 after buying an additional 1,397 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

NVRI stock opened at $7.09 on Wednesday. The company’s 50-day moving average is $9.71 and its 200-day moving average is $9.57. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $12.79. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. The stock has a market capitalization of $568.16 million, a PE ratio of -5.76 and a beta of 2.22.

Enviri (NYSE:NVRI) last issued its 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 return on equity of 1.25% and a negative net margin of 4.28%. The firm had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same period in the previous year, the company earned $0.05 earnings per share. Enviri’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts expect that Enviri Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.