SG Americas Securities LLC Sells 496,673 Shares of Enviri Corporation $NVRI

SG Americas Securities LLC lowered its position in shares of Enviri Corporation (NYSE:NVRI) by 77.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 145,845 shares of the company’s stock after selling 496,673 shares during the quarter. SG Americas Securities LLC’s holdings in Enviri were worth $2,861,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in shares of Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares during the last quarter. Aristides Capital LLC purchased a new position in Enviri during the 4th quarter valued at about $358,000. Beartown Capital Management LLC purchased a new position in Enviri during the 4th quarter valued at about $7,570,000. XTX Topco Ltd purchased a new position in Enviri during the 4th quarter valued at about $1,426,000. Finally, VARCOV Co. bought a new position in Enviri during the 4th quarter valued at approximately $440,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 0.8%

NYSE:NVRI opened at $22.07 on Wednesday. The company has a market cap of $620.11 million, a PE ratio of -10.61 and a beta of 1.59. Enviri Corporation has a 12 month low of $7.70 and a 12 month high of $22.26. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The company has a 50 day simple moving average of $20.13 and a two-hundred day simple moving average of $19.16.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.Enviri’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Research analysts forecast that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were paid a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Insider Activity at Enviri

In related news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $19.25 per share, with a total value of $160,410.25. Following the acquisition, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets upped their target price on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised Enviri to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.25.

Enviri Company Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.