26,474 Shares in Enviri Co. (NYSE:NVRI) Bought by Martingale Asset Management L P

Martingale Asset Management L P acquired a new stake in Enviri Co. (NYSE:NVRI) in the third quarter, HoldingsChannel reports. The institutional investor acquired 26,474 shares of the company’s stock, valued at approximately $274,000.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Enviri in the 2nd quarter worth about $26,000. CWM LLC increased its holdings in Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 2,392 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Enviri during the first quarter valued at approximately $70,000. FMR LLC lifted its holdings in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Enviri in the 3rd quarter worth approximately $127,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their price target 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.

Enviri Stock Performance

Shares of NYSE NVRI opened at $7.61 on Wednesday. The stock has a market capitalization of $609.87 million, a P/E ratio of -6.19 and a beta of 2.17. The firm’s 50-day moving average price is $8.79 and its two-hundred day moving average price is $9.49. Enviri Co. has a 52-week low of $6.28 and a 52-week high of $12.79. 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 (NYSE:NVRI) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $613.63 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. Enviri’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Enviri Co. will post -0.11 earnings per share for the current year.

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.