Enviri Co. (NYSE:NVRI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in shares of Enviri Co. (NYSE:NVRI) by 48.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,454 shares of the company’s stock after selling 21,387 shares during the period. Stifel Financial Corp’s holdings in Enviri were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVRI. CWM LLC raised its position in Enviri by 37.1% during the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock worth $59,000 after buying an additional 1,532 shares during the last quarter. FMR LLC lifted its holdings in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after buying an additional 1,809 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Enviri by 205.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock valued at $83,000 after buying an additional 5,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Enviri during the third quarter worth $127,000. Finally, Hsbc Holdings PLC raised its position in Enviri by 10.1% in the second quarter. Hsbc Holdings PLC now owns 15,174 shares of the company’s stock worth $130,000 after acquiring an additional 1,397 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enviri Price Performance

Shares of NYSE:NVRI opened at $7.58 on Monday. The firm has a market capitalization of $607.42 million, a price-to-earnings ratio of -6.16 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’s 50 day simple moving average is $7.79 and its 200-day simple moving average is $9.36. Enviri Co. has a 12 month low of $6.57 and a 12 month high of $12.79.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) 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 analysts’ expectations of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. Enviri’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Enviri Co. will post -0.11 earnings per share for the current fiscal year.

Enviri 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.