Barclays PLC Boosts Holdings in Enviri Co. (NYSE:NVRI)

Barclays PLC grew its position in Enviri Co. (NYSE:NVRI) by 344.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,106 shares of the company’s stock after purchasing an additional 102,405 shares during the quarter. Barclays PLC owned about 0.16% of Enviri worth $1,367,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Innealta Capital LLC purchased a new position in Enviri during the 2nd quarter worth $26,000. CWM LLC raised its stake in Enviri by 37.1% in the third quarter. CWM LLC now owns 5,662 shares of the company’s stock valued at $59,000 after buying an additional 1,532 shares during the last quarter. FMR LLC boosted its holdings in Enviri by 34.4% in the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Enviri by 205.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock worth $83,000 after acquiring an additional 5,411 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Enviri during the third quarter valued at about $127,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered their target price on shares of 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 Performance

Shares of NVRI opened at $7.58 on Friday. 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 stock has a 50-day moving average of $7.79 and a two-hundred day moving average of $9.35. The stock has a market cap of $607.42 million, a P/E ratio of -6.16 and a beta of 2.17. Enviri Co. has a one year low of $6.57 and a one year high of $12.79.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the firm earned $0.05 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Enviri Co. will post -0.11 EPS for the current 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.