321,267 Shares in Enviri Co. (NYSE:NVRI) Purchased by Norges Bank

Norges Bank acquired a new position in shares of Enviri Co. (NYSE:NVRI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 321,267 shares of the company’s stock, valued at approximately $2,474,000.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of 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. AXQ Capital LP acquired a new position in Enviri in the 4th quarter valued at approximately $88,000. KLP Kapitalforvaltning AS purchased a new stake in Enviri in the 4th quarter worth approximately $102,000. Stoneridge Investment Partners LLC lifted its position in Enviri by 20.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,985 shares of the company’s stock worth $108,000 after buying an additional 2,412 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Enviri during the 4th quarter valued at $126,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Trading Up 3.8 %

NYSE NVRI opened at $5.64 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. Enviri Co. has a 1-year low of $4.72 and a 1-year high of $12.79. The firm’s fifty day simple moving average is $6.95 and its 200-day simple moving average is $7.98. The company has a market capitalization of $452.08 million, a PE ratio of -3.54 and a beta of 1.97.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to analyst estimates 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) EPS. As a group, sell-side analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Russell C. Hochman purchased 40,127 shares of Enviri stock in a transaction on Friday, March 14th. The stock was bought at an average price of $6.27 per share, with a total value of $251,596.29. Following the completion of the transaction, the senior vice president now directly owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This represents a 50.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tom George Vadaketh acquired 40,297 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average cost 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 in the company, valued at $821,072.20. The trade was a 43.74 % increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by corporate insiders.

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.