Enviri Co. (NYSE:NVRI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Enviri Co. (NYSE:NVRI) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,839,051 shares of the company’s stock after buying an additional 28,166 shares during the period. Geode Capital Management LLC owned 2.29% of Enviri worth $19,020,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Brightline Capital Management LLC purchased a new stake in shares of Enviri during the third quarter worth approximately $10,340,000. Mill Road Capital Management LLC purchased a new stake in shares of Enviri during the third quarter worth $10,167,000. Leeward Investments LLC MA raised its position in shares of Enviri by 93.5% in the third 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 last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after buying an additional 383,395 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Enviri by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Trading Down 1.6 %

Shares of NVRI opened at $7.58 on Friday. Enviri Co. has a 12-month low of $6.57 and a 12-month high of $12.79. The firm has a market capitalization of $607.42 million, a P/E ratio of -6.16 and a beta of 2.17. The firm has a 50-day moving average price of $7.79 and a 200 day moving average price of $9.35. 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 (NYSE:NVRI) last posted its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the business earned $0.05 EPS. Enviri’s revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Enviri Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Separately, BMO Capital Markets dropped their price target on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company 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.