Enviri Co. (NYSE:NVRI) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its stake in Enviri Co. (NYSE:NVRI) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,341 shares of the company’s stock after selling 5,202 shares during the period. Wolverine Asset Management LLC owned 0.28% of Enviri worth $2,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of Enviri in the 1st quarter valued at $472,000. BNP Paribas Financial Markets increased its position in shares of Enviri by 204.0% during the first quarter. BNP Paribas Financial Markets now owns 68,181 shares of the company’s stock worth $624,000 after purchasing an additional 45,750 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enviri in the 1st quarter valued at about $100,000. Illinois Municipal Retirement Fund boosted its position in shares of Enviri by 5.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,809 shares of the company’s stock valued at $410,000 after purchasing an additional 2,491 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Enviri during the 1st quarter worth approximately $176,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enviri Price Performance

Shares of NYSE:NVRI opened at $7.30 on Tuesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. Enviri Co. has a one year low of $5.64 and a one year high of $12.79. The company has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $9.58. The stock has a market capitalization of $584.99 million, a price-to-earnings ratio of -5.93 and a beta of 2.22.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. On average, analysts predict that Enviri Co. will post -0.11 EPS for the current year.

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.