Dynamic Technology Lab Private Ltd Acquires New Shares in Enviri Co. (NYSE:NVRI)

Dynamic Technology Lab Private Ltd acquired a new stake in Enviri Co. (NYSE:NVRI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 55,004 shares of the company’s stock, valued at approximately $568,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Enviri as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NVRI. Innealta Capital LLC acquired a new stake in Enviri in the second quarter valued at about $26,000. CWM LLC boosted its stake in shares of Enviri by 137.6% during the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after purchasing an additional 2,392 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Enviri during the first quarter valued at about $70,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Enviri during the third quarter valued at about $127,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Enviri by 10.1% during the second quarter. Hsbc Holdings PLC now owns 15,174 shares of the company’s stock valued at $130,000 after purchasing an additional 1,397 shares in the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their price objective on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, November 1st.

Enviri Price Performance

Enviri stock opened at $7.40 on Friday. The stock’s 50 day moving average is $8.90 and its 200 day moving average is $9.48. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. The firm has a market cap of $593.04 million, a P/E ratio of -6.02 and a beta of 2.22. Enviri Co. has a one year low of $5.80 and a one year high of $12.79.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. Enviri’s revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts expect that Enviri Co. will post -0.11 EPS for the current year.

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.