Russell C. Hochman Buys 40,127 Shares of Enviri Co. (NYSE:NVRI) Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman bought 40,127 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, with a total value 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. The trade was a 50.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Enviri Price Performance

NVRI opened at $6.86 on Thursday. Enviri Co. has a fifty-two week low of $5.67 and a fifty-two week high of $12.79. The firm has a 50-day moving average of $8.02 and a 200 day moving average of $8.53. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The firm has a market cap of $549.86 million, a P/E ratio of -4.31 and a beta of 2.19.

Enviri (NYSE:NVRI) last issued its quarterly earnings results 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. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The company had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. During the same quarter last year, the business posted ($0.07) EPS. On average, research analysts expect that Enviri Co. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its stake in Enviri by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 399,589 shares of the company’s stock valued at $4,132,000 after acquiring an additional 20,368 shares during the period. Quest Partners LLC bought a new stake in shares of Enviri in the third quarter valued at approximately $293,000. Intech Investment Management LLC lifted 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 valued at $1,704,000 after buying an additional 132,718 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Enviri in the 3rd quarter worth approximately $568,000. Finally, FMR LLC grew its stake in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after buying an additional 1,809 shares in the last quarter. Hedge funds and other institutional investors 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.