Empowered Funds LLC Has $2.96 Million Holdings in Enviri Co. (NYSE:NVRI)

Empowered Funds LLC lessened its stake in shares of Enviri Co. (NYSE:NVRI) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 384,876 shares of the company’s stock after selling 14,713 shares during the quarter. Empowered Funds LLC’s holdings in Enviri were worth $2,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVRI. State Street Corp boosted its holdings in Enviri by 0.5% in the third quarter. State Street Corp now owns 2,988,970 shares of the company’s stock worth $30,906,000 after acquiring an additional 13,902 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Enviri by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock worth $19,020,000 after purchasing an additional 28,166 shares during the last quarter. Brightline Capital Management LLC purchased a new position in shares of Enviri during the third quarter valued at approximately $10,340,000. Mill Road Capital Management LLC bought a new position in Enviri during the 3rd quarter valued at $10,167,000. Finally, Leeward Investments LLC MA raised its holdings in shares of 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 purchasing an additional 439,102 shares during the last quarter. 93.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets decreased their price target on 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 Trading Up 1.5 %

Shares of NVRI opened at $9.20 on Friday. The firm has a market cap of $736.89 million, a P/E ratio of -7.48 and a beta of 2.14. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. The business has a 50-day moving average of $8.40 and a 200 day moving average of $9.29. Enviri Co. has a fifty-two week low of $6.57 and a fifty-two week high of $12.79.

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.