Centiva Capital LP Sells 22,757 Shares of Enviri Co. (NYSE:NVRI)

Centiva Capital LP reduced its stake in Enviri Co. (NYSE:NVRI) by 63.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,275 shares of the company’s stock after selling 22,757 shares during the period. Centiva Capital LP’s holdings in Enviri were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Brightline Capital Management LLC bought a new position in Enviri in the third quarter valued at approximately $10,340,000. Leeward Investments LLC MA raised its holdings in shares of Enviri by 93.5% during the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after buying an additional 439,102 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position 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 stake in Enviri by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after buying an additional 249,181 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in Enviri by 413.2% during the third quarter. Intech Investment Management LLC now owns 164,836 shares of the company’s stock worth $1,704,000 after acquiring an additional 132,718 shares in the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 research note on Friday, November 1st.

Enviri Stock Up 0.1 %

Shares of NVRI opened at $7.51 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. Enviri Co. has a 52 week low of $6.57 and a 52 week high of $12.79. The stock has a market capitalization of $601.85 million, a price-to-earnings ratio of -6.11 and a beta of 2.17. The stock has a fifty day moving average of $8.36 and a 200-day moving average of $9.43.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The firm had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same period in the prior year, the company earned $0.05 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enviri Co. will post -0.11 earnings per share 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.