Credit Industriel ET Commercial Buys New Holdings in Enviri Corporation $NVRI

Credit Industriel ET Commercial bought a new stake in Enviri Corporation (NYSE:NVRI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 130,000 shares of the company’s stock, valued at approximately $2,330,000.

Other large investors have also modified their holdings of the company. AlphaQuest LLC raised its stake in shares of Enviri by 1,077.5% in the third quarter. AlphaQuest LLC now owns 102,243 shares of the company’s stock valued at $1,297,000 after purchasing an additional 93,560 shares in the last quarter. SG Americas Securities LLC bought a new stake in Enviri in the fourth quarter valued at $11,514,000. JPMorgan Chase & Co. grew its position in Enviri by 121.9% in the third quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after acquiring an additional 89,227 shares during the period. Pertento Partners LLP bought a new stake in Enviri in the third quarter valued at $43,542,000. Finally, Clearline Capital LP bought a new stake in Enviri in the third quarter valued at $1,194,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Performance

Shares of NYSE:NVRI opened at $19.39 on Wednesday. The business’s fifty day moving average price is $18.86 and its two-hundred day moving average price is $17.58. Enviri Corporation has a fifty-two week low of $6.67 and a fifty-two week high of $19.99. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.14 and a beta of 1.59. The company has a debt-to-equity ratio of 5.18, a current ratio of 1.14 and a quick ratio of 0.85.

Enviri (NYSE:NVRI) last announced its earnings results on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.03. The company had revenue of $555.01 million for the quarter, compared to analysts’ expectations of $550.90 million. Enviri had a negative return on equity of 13.47% and a negative net margin of 7.62%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, analysts predict that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Enviri in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Enviri Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.