Enviri Co. (NYSE:NVRI) SVP Buys $251,596.29 in Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman bought 40,127 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, with a total value of $251,596.29. Following the acquisition, the senior vice president now directly owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enviri Stock Performance

NVRI opened at $6.60 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79. The firm has a 50 day moving average of $8.06 and a two-hundred day moving average of $8.54. The firm has a market capitalization of $529.33 million, a PE ratio of -4.15 and a beta of 2.19.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm had revenue of $558.71 million during the quarter, compared to analysts’ expectations of $578.98 million. During the same quarter last year, the company posted ($0.07) earnings per share. On average, analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Enviri

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares during the period. Dark Forest Capital Management LP purchased a new stake in Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. purchased a new stake in Enviri in the 4th quarter worth approximately $86,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock valued at $86,000 after purchasing an additional 1,631 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in shares of Enviri during the 4th quarter valued at approximately $88,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Company 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.