Point72 Asia Singapore Pte. Ltd. Sells 3,985 Shares of Enviri Co. (NYSE:NVRI)

Point72 Asia Singapore Pte. Ltd. lessened its holdings in Enviri Co. (NYSE:NVRI) by 30.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,148 shares of the company’s stock after selling 3,985 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Enviri were worth $79,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in shares of Enviri in the 1st quarter valued at about $892,000. Paradigm Capital Management Inc. NY raised its stake in Enviri by 3.5% in 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. Panagora Asset Management Inc. grew its stake in Enviri by 6.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after buying an additional 26,129 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Enviri by 30.5% in the 2nd quarter. Diversified Trust Co now owns 17,286 shares of the company’s stock worth $149,000 after buying an additional 4,040 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Enviri by 8.2% during the 1st quarter. Empowered Funds LLC now owns 288,185 shares of the company’s stock valued at $2,637,000 after buying an additional 21,809 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $10.32 on Monday. Enviri Co. has a 52-week low of $5.64 and a 52-week high of $12.79. The company has a fifty day moving average of $10.91 and a 200-day moving average of $9.34. The company has a market capitalization of $826.66 million, a P/E ratio of -8.75 and a beta of 2.20. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.00 and a current ratio of 1.32.

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

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.