Leeward Investments LLC MA Acquires 439,102 Shares of Enviri Co. (NYSE:NVRI)

Leeward Investments LLC MA grew its holdings in Enviri Co. (NYSE:NVRI) by 93.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 908,912 shares of the company’s stock after purchasing an additional 439,102 shares during the quarter. Leeward Investments LLC MA’s holdings in Enviri were worth $9,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVRI. Private Advisor Group LLC acquired a new stake in Enviri in the first quarter valued at about $472,000. BNP Paribas Financial Markets grew its holdings in shares of Enviri by 204.0% during the 1st quarter. BNP Paribas Financial Markets now owns 68,181 shares of the company’s stock valued at $624,000 after purchasing an additional 45,750 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Enviri during the 1st quarter worth approximately $892,000. Empowered Funds LLC increased its position in Enviri by 8.2% during the 1st quarter. Empowered Funds LLC now owns 288,185 shares of the company’s stock worth $2,637,000 after purchasing an additional 21,809 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Enviri in the 1st quarter valued at approximately $100,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Enviri Price Performance

Shares of NVRI opened at $7.57 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. The stock has a market cap of $606.66 million, a PE ratio of -6.15 and a beta of 2.22. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $12.79. The business has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $9.58.

Enviri (NYSE:NVRI) last released 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). 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 in the prior year, the company earned $0.05 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Enviri Co. will post -0.11 earnings per share for the current fiscal 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.