UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 24,280 Shares of Enviri Co. (NYSE:NVRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Enviri Co. (NYSE:NVRI) by 12.3% in the third quarter, HoldingsChannel.com reports. The fund owned 172,781 shares of the company’s stock after selling 24,280 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enviri were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Enviri in the second quarter worth approximately $26,000. CWM LLC lifted its holdings in shares of Enviri by 137.6% during the 2nd 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. FMR LLC boosted its stake in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Enviri by 205.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock worth $83,000 after acquiring an additional 5,411 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Enviri during the third quarter valued at $127,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their target price 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.

Enviri Stock Performance

NVRI opened at $7.51 on Monday. The company’s 50 day moving average is $8.36 and its 200 day moving average is $9.44. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The company has a market cap of $601.81 million, a price-to-earnings ratio of -6.11 and a beta of 2.17. Enviri Co. has a 12-month low of $6.57 and a 12-month high of $12.79.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. On average, equities research analysts predict that Enviri Co. will post -0.11 EPS for the current year.

About Enviri

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.