Vontobel Holding Ltd. Makes New Investment in Enviri Co. (NYSE:NVRI)

Vontobel Holding Ltd. bought a new position in Enviri Co. (NYSE:NVRI) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 16,317 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp lifted its stake in Enviri by 0.5% in the 3rd quarter. State Street Corp now owns 2,988,970 shares of the company’s stock worth $30,906,000 after purchasing an additional 13,902 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Enviri by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock worth $19,020,000 after buying an additional 28,166 shares during the last quarter. Brightline Capital Management LLC acquired a new stake in shares of Enviri during the 3rd quarter worth approximately $10,340,000. Mill Road Capital Management LLC acquired a new stake in shares of Enviri during the 3rd quarter worth approximately $10,167,000. Finally, Leeward Investments LLC MA increased its holdings in shares of Enviri by 93.5% during the 3rd quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after buying an additional 439,102 shares during the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Stock Down 4.2 %

Shares of NYSE NVRI opened at $7.25 on Friday. The company has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $9.16. The company has a market capitalization of $580.58 million, a P/E ratio of -5.89 and a beta of 2.14. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. Enviri Co. has a 1 year low of $6.57 and a 1 year high of $12.79.

Enviri (NYSE:NVRI) last announced 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. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The business had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. During the same quarter last year, the firm earned ($0.07) EPS. On average, equities research analysts predict that Enviri Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

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

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.