Fmr LLC Has $73,000 Stock Position in Enviri Co. (NYSE:NVRI)

Fmr LLC increased its stake in shares of Enviri Co. (NYSE:NVRI) by 34.4% in the third quarter, Holdings Channel reports. The firm owned 7,069 shares of the company’s stock after buying an additional 1,809 shares during the quarter. Fmr LLC’s holdings in Enviri were worth $73,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Enviri by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock worth $5,617,000 after buying an additional 15,084 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Enviri by 7,413.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,194 shares of the company’s stock worth $209,000 after acquiring an additional 23,872 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Enviri by 8.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 138,087 shares of the company’s stock valued at $1,192,000 after purchasing an additional 10,391 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Enviri by 24.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,247 shares of the company’s stock valued at $149,000 after purchasing an additional 3,342 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings 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 period. Institutional investors own 93.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets decreased 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 Stock Up 0.9 %

Shares of Enviri stock opened at $7.63 on Wednesday. The company has a market capitalization of $611.43 million, a P/E ratio of -6.20 and a beta of 2.17. 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 has a 50-day moving average of $8.03 and a two-hundred day moving average of $9.38. Enviri Co. has a 1 year low of $6.57 and a 1 year high of $12.79.

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