Essex Investment Management Co. LLC Sells 42,995 Shares of Enviri Co. (NYSE:NVRI)

Essex Investment Management Co. LLC cut its stake in shares of Enviri Co. (NYSE:NVRI) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 345,875 shares of the company’s stock after selling 42,995 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Enviri were worth $2,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Enviri in the third quarter worth $127,000. Stoneridge Investment Partners LLC grew its holdings in shares of Enviri by 20.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company’s stock worth $108,000 after purchasing an additional 2,412 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Enviri in the fourth quarter valued at $126,000. Finally, Zacks Investment Management raised its holdings in shares of Enviri by 44.7% in the third quarter. Zacks Investment Management now owns 23,708 shares of the company’s stock valued at $245,000 after buying an additional 7,323 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Stock Up 3.7 %

Shares of NYSE:NVRI opened at $6.11 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The firm has a market cap of $489.70 million, a P/E ratio of -3.84 and a beta of 2.19. Enviri Co. has a 12 month low of $5.78 and a 12 month high of $12.79. The company’s 50-day moving average price is $8.31 and its two-hundred day moving average price is $8.80.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The business had revenue of $558.71 million for the quarter, compared to analysts’ expectations of $578.98 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. As a group, research analysts forecast that Enviri Co. will post -0.13 EPS 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.