Enviri (NYSE:NVRI) Reaches New 1-Year High – Here’s What Happened

Enviri Corporation (NYSE:NVRI) shares reached a new 52-week high on Monday . The company traded as high as $19.01 and last traded at $18.1380, with a volume of 179 shares traded. The stock had previously closed at $18.12.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Enviri Price Performance

The firm has a market cap of $1.44 billion, a P/E ratio of -8.62 and a beta of 1.77. The company has a debt-to-equity ratio of 3.71, a current ratio of 1.20 and a quick ratio of 0.90. The company’s 50-day moving average is $14.40 and its two-hundred day moving average is $11.49.

Enviri (NYSE:NVRI) last released its earnings results on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The firm had revenue of $574.82 million during the quarter, compared to the consensus estimate of $573.60 million. During the same period in the prior year, the business earned ($0.01) earnings per share. Enviri’s quarterly revenue was up .2% compared to the same quarter last year. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. Sell-side analysts anticipate that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Enviri news, SVP Jennifer Ott Kozak sold 9,692 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total transaction of $176,200.56. Following the completion of the sale, the senior vice president directly owned 8,181 shares in the company, valued at $148,730.58. This represents a 54.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enviri

A number of institutional investors have recently modified their holdings of NVRI. HG Vora Capital Management LLC bought a new position in Enviri in the first quarter valued at about $23,275,000. Pertento Partners LLP acquired a new position in shares of Enviri in the third quarter valued at approximately $43,542,000. Davidson Kempner Capital Management LP bought a new position in Enviri in the 3rd quarter valued at approximately $21,367,000. Millennium Management LLC boosted its position in Enviri by 4,621.0% during the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock worth $17,098,000 after buying an additional 1,318,833 shares during the period. Finally, Angelo Gordon & CO. L.P. acquired a new stake in Enviri during the 2nd quarter worth approximately $10,706,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

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.