Venture Visionary Partners LLC Lowers Stock Holdings in Enviri Co. (NYSE:NVRI)

Venture Visionary Partners LLC reduced its position in Enviri Co. (NYSE:NVRI) by 14.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,232 shares of the company’s stock after selling 10,000 shares during the quarter. Venture Visionary Partners LLC’s holdings in Enviri were worth $623,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in Enviri during the fourth quarter worth about $65,000. Quadrature Capital Ltd purchased a new position in shares of Enviri during the fourth quarter worth about $190,000. Diversified Trust Co increased its position in shares of Enviri by 14.5% in the first quarter. Diversified Trust Co now owns 13,246 shares of the company’s stock worth $121,000 after purchasing an additional 1,675 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Enviri in the first quarter worth approximately $472,000. Finally, BNP Paribas Financial Markets raised its stake in Enviri by 204.0% in the first quarter. BNP Paribas Financial Markets now owns 68,181 shares of the company’s stock valued at $624,000 after purchasing an additional 45,750 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 $9.98 on Wednesday. The firm has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $9.56. The stock has a market cap of $799.43 million, a PE ratio of -8.46 and a beta of 2.19. 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 2.68, a current ratio of 1.32 and a quick ratio of 1.00.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company had revenue of $610.00 million during the quarter, compared to analyst estimates of $616.85 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, analysts predict that Enviri Co. will post -0.02 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.