Edgestream Partners L.P. Purchases Shares of 302,497 Enviri Corporation $NVRI

Edgestream Partners L.P. purchased a new position in shares of Enviri Corporation (NYSE:NVRI) in the first quarter, according to its most recent filing with the SEC. The firm purchased 302,497 shares of the company’s stock, valued at approximately $5,935,000.

Several other hedge funds have also recently made changes to their positions in the business. Bleakley Financial Group LLC lifted its stake in shares of Enviri by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock valued at $321,000 after purchasing an additional 531 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Enviri by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock worth $317,000 after purchasing an additional 872 shares during the period. Rockefeller Capital Management L.P. grew its stake in Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after purchasing an additional 1,264 shares during the period. Envestnet Asset Management Inc. increased its holdings in Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after purchasing an additional 1,554 shares in the last quarter. Finally, KBC Group NV bought a new stake in Enviri in the first quarter worth approximately $31,000. 93.43% of the stock is owned by institutional investors.

Insider Transactions at Enviri

In related news, CFO Peter Francis Minan purchased 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the purchase, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Enviri Stock Performance

NVRI opened at $22.23 on Friday. Enviri Corporation has a 1-year low of $7.70 and a 1-year high of $23.56. The company has a market cap of $624.61 million, a price-to-earnings ratio of -10.69 and a beta of 1.59. The company’s fifty day moving average price is $21.54 and its two-hundred day moving average price is $19.86. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. The firm had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. On average, analysts expect that Enviri Corporation will post -0.45 EPS for the current fiscal year.

Enviri Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were given a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen raised Enviri to a “hold” rating in a research note on Saturday, June 13th. BMO Capital Markets raised their price objective on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enviri has an average rating of “Hold” and an average price target of $22.25.

Enviri Company Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.