11,468 Shares in Enviri Co. (NYSE:NVRI) Acquired by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of Enviri Co. (NYSE:NVRI) during the fourth quarter, HoldingsChannel reports. The fund bought 11,468 shares of the company’s stock, valued at approximately $88,000.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Enviri during the third quarter valued at $293,000. Intech Investment Management LLC boosted its stake in shares of Enviri by 413.2% during the 3rd quarter. Intech Investment Management LLC now owns 164,836 shares of the company’s stock worth $1,704,000 after purchasing an additional 132,718 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Enviri during the 3rd quarter worth about $568,000. FMR LLC grew its holdings in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Enviri by 18.4% in the third quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company’s stock valued at $355,000 after buying an additional 5,342 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Activity

In other news, CFO Tom George Vadaketh purchased 40,297 shares of the company’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. The trade was a 43.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. This represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.

Enviri Stock Up 4.8 %

Shares of NYSE NVRI opened at $7.08 on Tuesday. The firm has a market cap of $567.51 million, a P/E ratio of -4.45 and a beta of 2.19. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. Enviri Co. has a 1 year low of $5.67 and a 1 year high of $12.79. The firm’s 50 day moving average price is $7.93 and its 200 day moving average price is $8.41.

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