SG Americas Securities LLC Decreases Stock Holdings in Enviri Co. (NYSE:NVRI)

SG Americas Securities LLC decreased its holdings in Enviri Co. (NYSE:NVRI) by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,624 shares of the company’s stock after selling 10,832 shares during the quarter. SG Americas Securities LLC’s holdings in Enviri were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Enviri by 111.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 491,650 shares of the company’s stock worth $5,084,000 after buying an additional 259,606 shares during the last quarter. Barclays PLC raised its position in Enviri by 344.8% in the 3rd quarter. Barclays PLC now owns 132,106 shares of the company’s stock worth $1,367,000 after buying an additional 102,405 shares during the last quarter. Meros Investment Management LP purchased a new position in Enviri in the 3rd quarter worth about $2,950,000. Geode Capital Management LLC grew its stake in shares of Enviri by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock valued at $19,020,000 after purchasing an additional 28,166 shares during the period. Finally, Zacks Investment Management grew its stake in shares of Enviri by 44.7% during the 3rd quarter. Zacks Investment Management now owns 23,708 shares of the company’s stock valued at $245,000 after purchasing an additional 7,323 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut 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 report on Friday, November 1st.

Enviri Trading Up 0.7 %

NYSE:NVRI opened at $9.30 on Wednesday. Enviri Co. has a one year low of $6.57 and a one year high of $12.79. The business has a fifty day moving average price of $8.34 and a 200-day moving average price of $9.30. The firm has a market capitalization of $745.38 million, a price-to-earnings ratio of -7.56 and a beta of 2.14. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99.

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.