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

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $6.27 per share, with a total value of $251,596.29. Following the completion of the purchase, the senior vice president now directly owns 120,357 shares in the company, valued at $754,638.39. This trade represents a 50.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Enviri Stock Performance

Shares of NYSE NVRI traded up $0.24 during midday trading on Tuesday, hitting $6.60. 1,710,496 shares of the company’s stock were exchanged, compared to its average volume of 575,185. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. Enviri Co. has a 12 month low of $5.67 and a 12 month high of $12.79. The company’s 50 day moving average price is $8.09 and its 200 day moving average price is $8.58. The firm has a market capitalization of $529.33 million, a PE ratio of -4.15 and a beta of 2.19.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. The business had revenue of $558.71 million during 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 previous year, the company posted ($0.07) EPS. As a group, analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Enviri

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in Enviri by 90.0% in the 3rd quarter. Jane Street Group LLC now owns 275,111 shares of the company’s stock valued at $2,845,000 after purchasing an additional 130,292 shares during the period. Barclays PLC boosted its stake in Enviri by 344.8% in the 3rd quarter. Barclays PLC now owns 132,106 shares of the company’s stock valued at $1,367,000 after purchasing an additional 102,405 shares during the period. FMR LLC boosted its stake in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after purchasing an additional 1,809 shares during the period. BNP Paribas Financial Markets boosted its stake in Enviri by 18.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company’s stock valued at $355,000 after purchasing an additional 5,342 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Enviri by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock valued at $19,020,000 after purchasing an additional 28,166 shares during the period. 93.43% of the stock is currently owned by institutional investors.

About Enviri

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.