Dynamic Technology Lab Private Ltd Buys New Position in Enviri Co. (NYSE:NVRI)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Enviri Co. (NYSE:NVRIFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,004 shares of the company’s stock, valued at approximately $568,000.

Other hedge funds also recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its position in shares of Enviri by 3.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after buying an additional 132,000 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after purchasing an additional 383,395 shares during the last quarter. Creative Planning boosted its position in Enviri by 36.2% in the third quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after purchasing an additional 8,242 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Enviri by 6.3% in the second quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after purchasing an additional 26,129 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Enviri in the second quarter worth $1,124,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Up 1.0 %

Shares of NYSE NVRI opened at $7.40 on Friday. Enviri Co. has a one year low of $5.80 and a one year high of $12.79. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. The business’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.48. The stock has a market capitalization of $593.04 million, a PE ratio of -6.02 and a beta of 2.22.

Enviri (NYSE:NVRIGet Free Report) last issued its quarterly earnings results 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 net margin of 4.28% and a negative return on equity of 1.25%. The firm had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same period in the prior year, the company earned $0.05 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Enviri Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Separately, BMO Capital Markets cut their price objective 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.

Get Our Latest Stock Report on NVRI

Enviri Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enviri (NYSE:NVRI)

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