Empowered Funds LLC Sells 14,713 Shares of Enviri Co. (NYSE:NVRI)

Empowered Funds LLC decreased its position in shares of Enviri Co. (NYSE:NVRI) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,876 shares of the company’s stock after selling 14,713 shares during the period. Empowered Funds LLC owned approximately 0.48% of Enviri worth $2,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC raised its stake in Enviri by 37.1% in the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock worth $59,000 after purchasing an additional 1,532 shares in the last quarter. FMR LLC grew its position in Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Enviri by 205.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock valued at $83,000 after acquiring an additional 5,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Enviri during the 3rd quarter valued at $127,000. Finally, Zacks Investment Management increased its position in shares of Enviri by 44.7% in the third quarter. Zacks Investment Management now owns 23,708 shares of the company’s stock worth $245,000 after purchasing an additional 7,323 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Trading Up 1.5 %

NVRI opened at $9.20 on Friday. The company has a market cap of $736.89 million, a P/E ratio of -7.48 and a beta of 2.14. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72. The company’s 50 day moving average is $8.40 and its 200-day moving average is $9.29. Enviri Co. has a 1-year low of $6.57 and a 1-year high of $12.79.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets dropped their target price on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, November 1st.

Enviri 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.