GSA Capital Partners LLP Reduces Stake in Enviri Co. (NYSE:NVRI)

GSA Capital Partners LLP lowered its position in Enviri Co. (NYSE:NVRI) by 80.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,374 shares of the company’s stock after selling 185,015 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Enviri worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Leeward Investments LLC MA boosted its position in Enviri by 93.5% in the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after purchasing an additional 439,102 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of 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 buying an additional 383,395 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Enviri by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after buying an additional 249,181 shares during the period. Paradigm Capital Management Inc. NY raised its stake in shares of Enviri by 3.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock worth $33,729,000 after buying an additional 132,000 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Enviri during the 2nd quarter worth approximately $1,124,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets reduced their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, November 1st.

Enviri Stock Up 4.8 %

NYSE NVRI opened at $7.22 on Thursday. The business has a fifty day moving average price of $9.36 and a 200 day moving average price of $9.54. Enviri Co. has a one year low of $5.64 and a one year high of $12.79. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. The company has a market cap of $578.57 million, a P/E ratio of -5.60 and a beta of 2.22.

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