Axa S.A. Sells 64,575 Shares of Enviri Co. (NYSE:NVRI)

Axa S.A. trimmed its position in Enviri Co. (NYSE:NVRI) by 27.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 174,999 shares of the company’s stock after selling 64,575 shares during the period. Axa S.A. owned about 0.22% of Enviri worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVRI. Innealta Capital LLC bought a new stake in shares of Enviri during the 2nd quarter worth $26,000. CWM LLC grew its position in Enviri by 137.6% during the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 2,392 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Enviri during the fourth quarter worth about $65,000. DekaBank Deutsche Girozentrale bought a new stake in Enviri in the first quarter worth about $70,000. Finally, SG Americas Securities LLC purchased a new position in Enviri in the first quarter valued at about $100,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Up 0.2 %

Enviri stock opened at $10.34 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $828.27 million, a P/E ratio of -8.76 and a beta of 2.20. The firm has a 50 day moving average price of $10.91 and a 200-day moving average price of $9.35. Enviri Co. has a twelve month low of $5.64 and a twelve month high of $12.79.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The business had revenue of $610.00 million during the quarter, compared to the consensus estimate of $616.85 million. During the same period last year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities analysts predict that Enviri Co. will post -0.02 EPS for the current year.

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.