Brightline Capital Management LLC Grows Holdings in Enviri Corporation $NVRI

Brightline Capital Management LLC boosted its holdings in shares of Enviri Corporation (NYSE:NVRI) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,294,000 shares of the company’s stock after acquiring an additional 189,000 shares during the quarter. Enviri accounts for 7.5% of Brightline Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Brightline Capital Management LLC owned about 1.61% of Enviri worth $8,605,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in Enviri by 11,332.3% during the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company’s stock valued at $49,000 after acquiring an additional 7,366 shares during the period. Dark Forest Capital Management LP purchased a new position in Enviri during the 4th quarter valued at $78,000. Entropy Technologies LP purchased a new position in Enviri during the 1st quarter valued at $70,000. Envestnet Asset Management Inc. purchased a new position in Enviri during the 4th quarter valued at $86,000. Finally, Teacher Retirement System of Texas purchased a new position in Enviri during the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Enviri from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Enviri Price Performance

Shares of NVRI stock opened at $11.1250 on Friday. Enviri Corporation has a twelve month low of $4.72 and a twelve month high of $11.95. The stock has a market capitalization of $897.23 million, a price-to-earnings ratio of -5.68 and a beta of 1.77. The stock has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $7.81. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI) last issued its earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The firm had revenue of $562.25 million during the quarter, compared to analysts’ expectations of $576.50 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Enviri’s quarterly revenue was down 7.9% compared to the same quarter last year. Enviri has set its FY 2025 guidance at -0.520–0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. On average, analysts predict that Enviri Corporation will post -0.13 EPS for the current fiscal year.

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.