Charles Schwab Investment Management Inc. Has $13.04 Million Holdings in Enviri Co. (NYSE:NVRI)

Charles Schwab Investment Management Inc. lessened its stake in shares of Enviri Co. (NYSE:NVRI) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,261,379 shares of the company’s stock after selling 242,406 shares during the period. Charles Schwab Investment Management Inc. owned 1.57% of Enviri worth $13,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY boosted its stake in shares of Enviri by 3.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after purchasing an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Enviri by 11.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after acquiring an additional 383,395 shares during the last quarter. Creative Planning lifted its holdings in Enviri by 36.2% during the third quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after acquiring an additional 8,242 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Enviri by 6.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after purchasing an additional 26,129 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Enviri during the second quarter worth about $1,124,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Trading Up 0.5 %

NYSE NVRI opened at $7.57 on Monday. The stock’s 50-day simple moving average is $8.62 and its two-hundred day simple moving average is $9.47. Enviri Co. has a twelve month low of $6.57 and a twelve month high of $12.79. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $606.66 million, a price-to-earnings ratio of -6.15 and a beta of 2.17.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Research analysts forecast that Enviri Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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