Enviri Co. (NYSE:NVRI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its holdings in Enviri Co. (NYSE:NVRI) by 58.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,697 shares of the company’s stock after selling 82,021 shares during the quarter. Bridgewater Associates LP owned 0.07% of Enviri worth $607,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Leeward Investments LLC MA increased its stake in Enviri by 93.5% in the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock valued at $9,398,000 after purchasing an additional 439,102 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Enviri by 11.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after buying an additional 383,395 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Enviri by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after buying an additional 249,181 shares in the last quarter. Intech Investment Management LLC grew its stake in Enviri by 413.2% in the 3rd quarter. Intech Investment Management LLC now owns 164,836 shares of the company’s stock valued at $1,704,000 after acquiring an additional 132,718 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in Enviri by 3.5% during 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. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 2.8 %

Shares of Enviri stock opened at $7.61 on Tuesday. The firm has a market cap of $609.83 million, a PE ratio of -6.19 and a beta of 2.22. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. Enviri Co. has a fifty-two week low of $6.28 and a fifty-two week high of $12.79. The business’s fifty day moving average is $8.85 and its two-hundred day moving average is $9.49.

Enviri (NYSE:NVRI) last issued its 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). The firm had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. Enviri’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Analysts anticipate that Enviri Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their price target on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a 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.