Public Sector Pension Investment Board Has $1.76 Million Stock Holdings in Enviri Co. (NYSE:NVRI)

Public Sector Pension Investment Board reduced its stake in Enviri Co. (NYSE:NVRI) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,989 shares of the company’s stock after selling 6,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Enviri were worth $1,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVRI. Brightline Capital Management LLC acquired a new position in shares of Enviri in the 3rd quarter worth approximately $10,340,000. Leeward Investments LLC MA lifted its holdings in Enviri by 93.5% in the third quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock valued at $9,398,000 after buying an additional 439,102 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after buying an additional 383,395 shares during the period. Dimensional Fund Advisors LP boosted its position in Enviri by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in Enviri by 413.2% during the 3rd 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 during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

Enviri stock opened at $7.53 on Friday. The stock’s 50 day moving average price is $8.67 and its two-hundred day moving average price is $9.46. The stock has a market capitalization of $603.42 million, a price-to-earnings ratio of -6.12 and a beta of 2.17. 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.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS 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 company had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts predict that Enviri Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st.

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.