Enviri (NYSE:NVRI) Raised to “Hold” at Zacks Research

by · The Cerbat Gem

Enviri (NYSE:NVRI – Get Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

NVRI has been the topic of several other research reports. Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. CJS Securities raised Enviri to a “hold” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

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Enviri Stock Performance

NYSE:NVRI opened at $17.96 on Tuesday. The firm’s 50-day moving average is $14.77 and its 200-day moving average is $11.67. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -8.64 and a beta of 1.77. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.90 and a current ratio of 1.20. Enviri has a 52-week low of $4.72 and a 52-week high of $18.74.

Enviri (NYSE:NVRI – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The company had revenue of $574.82 million during the quarter, compared to the consensus estimate of $573.60 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. Equities research analysts anticipate that Enviri will post -0.13 earnings per share for the current year.

Insider Transactions at Enviri

In other Enviri news, SVP Jennifer Ott Kozak sold 9,692 shares of Enviri stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the transaction, the senior vice president owned 8,181 shares in the company, valued at approximately $148,730.58. The trade was a 54.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Trading of Enviri

A number of hedge funds and other institutional investors have recently made changes to their positions in NVRI. HG Vora Capital Management LLC bought a new stake in Enviri in the first quarter valued at about $23,275,000. Pertento Partners LLP acquired a new position in shares of Enviri during the 3rd quarter worth about $43,542,000. Newtyn Management LLC increased its stake in shares of Enviri by 69.1% in the 3rd quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock valued at $21,484,000 after acquiring an additional 691,949 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Enviri in the 3rd quarter valued at approximately $21,367,000. Finally, Millennium Management LLC boosted its stake in Enviri by 4,621.0% during the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock worth $17,098,000 after acquiring an additional 1,318,833 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Company Profile

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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.

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