Intech Investment Management LLC Grows Holdings in Enviri Co. (NYSE:NVRI)

Intech Investment Management LLC boosted its holdings in Enviri Co. (NYSE:NVRI) by 413.2% in the 3rd quarter, Holdings Channel reports. The firm owned 164,836 shares of the company’s stock after purchasing an additional 132,718 shares during the period. Intech Investment Management LLC’s holdings in Enviri were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NVRI. SG Americas Securities LLC purchased a new stake in Enviri in the 1st quarter valued at $100,000. Price T Rowe Associates Inc. MD raised its position in Enviri by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,640 shares of the company’s stock worth $985,000 after buying an additional 2,839 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Enviri during the 1st quarter worth $70,000. First Hawaiian Bank purchased a new position in Enviri during the 2nd quarter worth $468,000. Finally, CWM LLC raised its position in Enviri by 137.6% during the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after buying an additional 2,392 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Up 1.2 %

Shares of Enviri stock opened at $7.45 on Tuesday. The company has a market cap of $597.04 million, a P/E ratio of -6.06 and a beta of 2.22. 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 one year low of $5.65 and a one year high of $12.79. The firm has a fifty day moving average of $9.21 and a two-hundred day moving average of $9.53.

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

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut their price objective 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 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.