D. E. Shaw & Co. Inc. Acquires 1,127,647 Shares of Enviri Co. (NYSE:NVRI)

D. E. Shaw & Co. Inc. increased its stake in Enviri Co. (NYSE:NVRI) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,825,488 shares of the company’s stock after purchasing an additional 1,127,647 shares during the period. D. E. Shaw & Co. Inc. owned approximately 6.02% of Enviri worth $37,156,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Dark Forest Capital Management LP bought a new position in Enviri during the fourth quarter valued at approximately $78,000. Envestnet Asset Management Inc. purchased a new stake in shares of Enviri in the 4th quarter valued at $86,000. AXQ Capital LP bought a new position in shares of Enviri during the 4th quarter valued at $88,000. Nebula Research & Development LLC purchased a new position in Enviri in the 4th quarter worth $93,000. Finally, Aquatic Capital Management LLC bought a new stake in Enviri in the fourth quarter worth $101,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Stock Down 0.6 %

Shares of NYSE:NVRI opened at $7.06 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12-month low of $4.72 and a 12-month high of $12.79. The stock’s 50-day moving average price is $6.34 and its 200-day moving average price is $7.46. The stock has a market capitalization of $566.30 million, a P/E ratio of -4.44 and a beta of 1.79.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.03. The company had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, equities analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current year.

Insider Transactions at Enviri

In other Enviri news, CFO Tom George Vadaketh purchased 40,297 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $6.20 per share, with a total value 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 filing with the SEC, which is available at this hyperlink. Also, SVP Russell C. Hochman acquired 40,127 shares of Enviri stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the transaction, the senior vice president now owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

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.