Quantbot Technologies LP Has $400,000 Position in Enviri Co. (NYSE:NVRI)

Quantbot Technologies LP raised its stake in Enviri Co. (NYSE:NVRI) by 38,371.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,936 shares of the company’s stock after buying an additional 51,801 shares during the quarter. Quantbot Technologies LP’s holdings in Enviri were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVRI. FMR LLC increased its stake in shares of Enviri by 34.4% in 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. Stoneridge Investment Partners LLC grew its stake in Enviri by 20.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company’s stock valued at $108,000 after purchasing an additional 2,412 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Enviri in the 4th quarter worth about $126,000. Zacks Investment Management increased its position in Enviri by 44.7% in the 3rd 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 last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Enviri during the 3rd quarter worth about $274,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Down 5.7 %

Shares of NYSE NVRI opened at $6.65 on Friday. The business has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $8.35. Enviri Co. has a 52 week low of $5.67 and a 52 week high of $12.79. The stock has a market cap of $533.02 million, a price-to-earnings ratio of -4.18 and a beta of 2.19. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the acquisition, the senior vice president now owns 120,357 shares in the company, valued at $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tom George Vadaketh purchased 40,297 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of $6.20 per share, for a total transaction of $249,841.40. Following the acquisition, the chief financial officer now owns 132,431 shares of the company’s stock, valued at approximately $821,072.20. The trade was a 43.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.

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.