Enviri Co. (NYSE:NVRI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Enviri Co. (NYSE:NVRI) by 48.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,454 shares of the company’s stock after selling 21,387 shares during the quarter. Stifel Financial Corp’s holdings in Enviri were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Paradigm Capital Management Inc. NY grew its position in Enviri by 3.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after acquiring an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after purchasing an additional 383,395 shares in the last quarter. Creative Planning increased its stake in Enviri by 36.2% during the 3rd quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after buying an additional 8,242 shares during the period. FMR LLC increased its stake in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Enviri by 18.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company’s stock worth $355,000 after buying an additional 5,342 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Price Performance

NVRI stock opened at $7.58 on Monday. The stock has a market cap of $607.42 million, a price-to-earnings ratio of -6.16 and a beta of 2.17. Enviri Co. has a fifty-two week low of $6.57 and a fifty-two week high of $12.79. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. The business has a 50 day moving average price of $7.79 and a 200 day moving average price of $9.36.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that Enviri Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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