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

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction on Friday, March 14th. The stock was purchased at an average price 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 $754,638.39. This represents a 50.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Enviri Stock Up 3.8 %

Shares of Enviri stock opened at $6.60 on Wednesday. Enviri Co. has a 52-week low of $5.67 and a 52-week high of $12.79. The firm’s 50 day moving average price is $8.06 and its 200-day moving average price is $8.54. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The company has a market cap of $529.33 million, a P/E ratio of -4.15 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 analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, sell-side analysts predict that Enviri Co. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Enviri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. acquired a new stake in Enviri in the 4th quarter worth approximately $86,000. Point72 Asia Singapore Pte. Ltd. grew its position in Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after purchasing an additional 1,631 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in Enviri during the 4th quarter valued at approximately $88,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

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.