Intech Investment Management LLC Grows Holdings in Enviri Co. (NYSE:NVRI)

Intech Investment Management LLC increased its holdings in shares of Enviri Co. (NYSE:NVRI) by 413.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,836 shares of the company’s stock after buying an additional 132,718 shares during the period. Intech Investment Management LLC owned about 0.21% of Enviri worth $1,704,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NVRI. Leeward Investments LLC MA increased its stake in Enviri by 93.5% during the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after buying an additional 439,102 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Enviri by 11.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after buying an additional 383,395 shares during the period. Dimensional Fund Advisors LP grew its holdings in Enviri by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after acquiring an additional 249,181 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in Enviri by 3.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock worth $33,729,000 after acquiring an additional 132,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Enviri during the 2nd quarter worth approximately $1,124,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Trading Up 1.2 %

NYSE NVRI opened at $7.45 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. Enviri Co. has a 52 week low of $5.65 and a 52 week high of $12.79. The stock has a market capitalization of $597.04 million, a PE ratio of -6.06 and a beta of 2.22. The firm has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.53.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same quarter last year, the firm earned $0.05 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, research analysts expect that Enviri Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their price target on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, November 1st.

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.