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

Victory Capital Management Inc. lessened its holdings in shares of Enviri Co. (NYSE:NVRI) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 135,396 shares of the company’s stock after selling 9,794 shares during the quarter. Victory Capital Management Inc.’s holdings in Enviri were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Leeward Investments LLC MA raised its position in shares of Enviri by 93.5% during the third quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after purchasing an additional 439,102 shares during the period. Semanteon Capital Management LP bought a new stake in Enviri during the 3rd quarter worth approximately $427,000. DekaBank Deutsche Girozentrale raised its holdings in Enviri by 205.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock worth $83,000 after buying an additional 5,411 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Enviri in the third quarter valued at approximately $127,000. Finally, Creative Planning increased its position in shares of Enviri by 36.2% during the third quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after acquiring an additional 8,242 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price objective on shares of 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 Stock Up 1.2 %

NVRI stock 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 capitalization of $597.04 million, a P/E ratio of -6.06 and a beta of 2.22. Enviri Co. has a fifty-two week low of $5.65 and a fifty-two week high of $12.79. The business has a 50-day moving average of $9.21 and a 200-day moving average of $9.53.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share 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 company earned $0.05 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Enviri Co. will post -0.11 earnings per share for the current fiscal year.

Enviri Company 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.