Barclays PLC Purchases 102,405 Shares of Enviri Co. (NYSE:NVRI)

Barclays PLC increased its stake in shares of Enviri Co. (NYSE:NVRI) by 344.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 132,106 shares of the company’s stock after buying an additional 102,405 shares during the period. Barclays PLC’s holdings in Enviri were worth $1,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of Enviri by 90.0% during the third quarter. Jane Street Group LLC now owns 275,111 shares of the company’s stock valued at $2,845,000 after purchasing an additional 130,292 shares during the last quarter. Paradigm Capital Management Inc. NY raised 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 purchasing an additional 132,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position 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 valued at $32,999,000 after purchasing an additional 383,395 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 valued at $73,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Enviri by 36.2% in the 3rd quarter. Creative Planning now owns 31,003 shares of the company’s stock valued at $321,000 after purchasing an additional 8,242 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Down 0.2 %

NYSE NVRI opened at $8.41 on Monday. The company has a market capitalization of $673.94 million, a PE ratio of -6.84 and a beta of 2.15. The stock has a 50-day simple moving average of $7.53 and a 200 day simple moving average of $9.35. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. Enviri Co. has a 12 month low of $6.57 and a 12 month high of $12.79.

Enviri (NYSE:NVRI) last announced its quarterly earnings results 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). Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The firm had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the firm earned $0.05 EPS. Enviri’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts forecast that Enviri Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock 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.