Victory Capital Management Inc. Has $1.40 Million Position in Enviri Co. (NYSE:NVRI)

Victory Capital Management Inc. cut its holdings in Enviri Co. (NYSE:NVRI) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 135,396 shares of the company’s stock after selling 9,794 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of Enviri worth $1,400,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in Enviri during the 2nd quarter worth about $26,000. CWM LLC increased its holdings in shares of Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after purchasing an additional 2,392 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Enviri in the 1st quarter worth approximately $70,000. SG Americas Securities LLC acquired a new position in Enviri during the 1st quarter worth $100,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Enviri in the 3rd quarter valued at $127,000. 93.43% of the stock is owned by institutional investors.

Enviri Stock Up 1.2 %

Shares of NYSE:NVRI opened at $7.45 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. The stock has a market cap of $597.04 million, a price-to-earnings ratio of -6.06 and a beta of 2.22. The company has a 50 day moving average of $9.21 and a 200-day moving average of $9.53. Enviri Co. has a one year low of $5.65 and a one year high of $12.79.

Enviri (NYSE:NVRI) last issued its earnings results 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 business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue was down 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Enviri Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price target on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note 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.