Tower Research Capital LLC TRC Cuts Stake in Enviri Co. (NYSE:NVRI)

Tower Research Capital LLC TRC decreased its holdings in Enviri Co. (NYSE:NVRI) by 77.1% in the 4th quarter, HoldingsChannel reports. The fund owned 4,095 shares of the company’s stock after selling 13,765 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Enviri were worth $32,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Enviri by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company’s stock worth $34,411,000 after purchasing an additional 191,777 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Enviri by 2.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock worth $606,000 after buying an additional 1,751 shares during the period. Bridgewater Associates LP boosted its stake in shares of Enviri by 944.3% in the fourth quarter. Bridgewater Associates LP now owns 612,997 shares of the company’s stock valued at $4,720,000 after purchasing an additional 554,300 shares during the period. Barclays PLC boosted its holdings in Enviri by 5.6% in the fourth quarter. Barclays PLC now owns 139,541 shares of the company’s stock valued at $1,074,000 after purchasing an additional 7,435 shares during the last quarter. Finally, Optimize Financial Inc bought a new position in Enviri during the 4th quarter valued at $146,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Trading Up 2.0%

NYSE:NVRI opened at $7.73 on Friday. The business’s 50 day moving average is $6.46 and its two-hundred day moving average is $7.41. 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 52 week low of $4.72 and a 52 week high of $12.79. The company has a market cap of $620.05 million, a PE ratio of -4.86 and a beta of 1.79.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.03. The firm had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. Enviri’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. On average, analysts predict that Enviri Co. will post -0.13 EPS for the current year.

Insider Buying and Selling

In other news, SVP Russell C. Hochman bought 40,127 shares of the business’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.27 per share, with a total value of $251,596.29. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Tom George Vadaketh bought 40,297 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was acquired 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 directly owns 132,431 shares in the company, valued at $821,072.20. This trade represents a 43.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

Enviri Company 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.