Enviri Co. (NYSE:NVRI) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. raised its stake in Enviri Co. (NYSE:NVRI) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,187 shares of the company’s stock after acquiring an additional 1,631 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Enviri were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new position in Enviri in the fourth quarter valued at $78,000. Envestnet Asset Management Inc. acquired a new position in Enviri in the fourth quarter valued at $86,000. AXQ Capital LP acquired a new position in Enviri in the fourth quarter valued at $88,000. Nebula Research & Development LLC acquired a new position in Enviri in the fourth quarter valued at $93,000. Finally, Aquatic Capital Management LLC acquired a new position in Enviri in the fourth quarter valued at $101,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Insider Activity

In other news, SVP Russell C. Hochman purchased 40,127 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the acquisition, the senior vice president now directly owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This trade represents a 50.01% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Tom George Vadaketh purchased 40,297 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $6.20 per share, with a total value of $249,841.40. Following the completion of the acquisition, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. This represents a 43.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Enviri Price Performance

Shares of NYSE:NVRI opened at $7.95 on Friday. The company has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $7.38. Enviri Co. has a one year low of $4.72 and a one year high of $12.79. 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 stock has a market capitalization of $637.69 million, a price-to-earnings ratio of -5.00 and a beta of 1.79.

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

About Enviri

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.