D. E. Shaw & Co. Inc. Acquires 383,395 Shares of Enviri Co. (NYSE:NVRI)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Enviri Co. (NYSE:NVRI) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,823,704 shares of the company’s stock after acquiring an additional 383,395 shares during the quarter. D. E. Shaw & Co. Inc. owned 4.77% of Enviri worth $32,999,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Enviri during the second quarter worth approximately $26,000. CWM LLC grew its stake 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. PNC Financial Services Group Inc. purchased a new position in Enviri during the 4th quarter worth $65,000. DekaBank Deutsche Girozentrale bought a new stake in Enviri during the 1st quarter valued at $70,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Enviri in the 1st quarter worth $100,000. Institutional investors own 93.43% of the company’s stock.

Enviri Price Performance

NVRI opened at $10.32 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The business’s fifty day simple moving average is $10.91 and its 200-day simple moving average is $9.33. The company has a market capitalization of $826.74 million, a price-to-earnings ratio of -8.75 and a beta of 2.20. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $12.79.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $616.85 million. During the same period in the prior year, the business earned $0.01 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts anticipate that Enviri Co. will post -0.02 earnings per share for the current fiscal year.

About Enviri

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.