Russell C. Hochman Acquires 40,127 Shares of Enviri Co. (NYSE:NVRI) Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman purchased 40,127 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the transaction, the senior vice president now owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Enviri Price Performance

Shares of NYSE:NVRI opened at $6.86 on Thursday. Enviri Co. has a 12 month low of $5.67 and a 12 month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The stock has a market cap of $549.86 million, a P/E ratio of -4.31 and a beta of 2.19. The company has a 50 day moving average of $8.02 and a 200 day moving average of $8.53.

Enviri (NYSE:NVRI) last released its quarterly 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. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The firm had revenue of $558.71 million for the quarter, compared to analysts’ expectations of $578.98 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. As a group, sell-side analysts forecast that Enviri Co. will post -0.13 EPS for the current fiscal year.

Institutional Trading of Enviri

Several institutional investors and hedge funds have recently modified their holdings of NVRI. FMR LLC grew its holdings in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Enviri in the 4th quarter worth approximately $78,000. Envestnet Asset Management Inc. bought a new position in shares of Enviri in the 4th quarter worth $86,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock valued at $86,000 after buying an additional 1,631 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Enviri during the 4th quarter worth $88,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.