Wolverine Asset Management LLC Reduces Stock Position in Enviri Corporation $NVRI

Wolverine Asset Management LLC decreased its position in shares of Enviri Corporation (NYSE:NVRI) by 14.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 196,174 shares of the company’s stock after selling 33,167 shares during the period. Wolverine Asset Management LLC’s holdings in Enviri were worth $2,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in Enviri during the first quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Enviri by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after buying an additional 2,028 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Enviri by 3.1% in the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after buying an additional 11,762 shares in the last quarter. Jane Street Group LLC grew its stake in Enviri by 116.0% in the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after acquiring an additional 111,359 shares during the last quarter. Finally, Strs Ohio purchased a new position in Enviri during the 1st quarter valued at about $552,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Trading Down 0.8%

Shares of NVRI stock opened at $18.42 on Friday. The firm’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $13.14. The company has a debt-to-equity ratio of 3.71, a current ratio of 1.20 and a quick ratio of 0.90. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $18.74. The firm has a market cap of $1.49 billion, a P/E ratio of -8.85 and a beta of 1.78.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $574.82 million during the quarter, compared to analyst estimates of $573.60 million. Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) EPS. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. As a group, equities analysts forecast that Enviri Corporation will post -0.13 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Jennifer Ott Kozak sold 9,692 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the sale, the senior vice president directly owned 8,181 shares in the company, valued at approximately $148,730.58. This represents a 54.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVRI. Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Wednesday, October 8th. Zacks Research upgraded Enviri to a “hold” rating in a research report on Tuesday, December 16th. Finally, CJS Securities raised shares of Enviri to a “hold” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Enviri Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.