Point72 Asset Management L.P. Purchases 446,681 Shares of Enviri Co. (NYSE:NVRI)

Point72 Asset Management L.P. raised its position in Enviri Co. (NYSE:NVRI) by 1,786.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 471,681 shares of the company’s stock after acquiring an additional 446,681 shares during the period. Point72 Asset Management L.P. owned about 0.59% of Enviri worth $3,632,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC grew its holdings in Enviri by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 23,876 shares of the company’s stock valued at $184,000 after buying an additional 7,325 shares in the last quarter. Meros Investment Management LP grew its holdings in shares of Enviri by 192.1% during the 4th quarter. Meros Investment Management LP now owns 833,275 shares of the company’s stock worth $6,416,000 after purchasing an additional 547,985 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enviri by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company’s stock worth $347,000 after purchasing an additional 1,572 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Enviri by 27.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 439,959 shares of the company’s stock worth $3,388,000 after purchasing an additional 94,492 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in shares of Enviri by 8.7% during the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company’s stock worth $139,000 after purchasing an additional 1,443 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NVRI opened at $7.84 on Wednesday. The firm has a market cap of $628.87 million, a P/E ratio of -4.93 and a beta of 1.79. Enviri Co. has a 52-week low of $4.72 and a 52-week high of $12.79. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The business’s fifty day moving average is $6.57 and its 200-day moving average is $7.38.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.03. The company had revenue of $548.28 million for the quarter, compared to analyst estimates of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. Enviri’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Sell-side analysts expect that Enviri Co. will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Enviri news, SVP Russell C. Hochman acquired 40,127 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the transaction, the senior vice president now directly owns 120,357 shares in the company, valued at $754,638.39. This represents a 50.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $6.20 per share, with a total value of $249,841.40. Following the completion of the transaction, the chief financial officer now owns 132,431 shares in the company, valued at $821,072.20. The trade was a 43.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

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.