ExodusPoint Capital Management LP Acquires Shares of 864,477 Enviri Corporation $NVRI

ExodusPoint Capital Management LP acquired a new stake in Enviri Corporation (NYSE:NVRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 864,477 shares of the company’s stock, valued at approximately $15,491,000. ExodusPoint Capital Management LP owned about 1.07% of Enviri as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after acquiring an additional 872 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after acquiring an additional 1,554 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Enviri by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after acquiring an additional 2,028 shares during the last quarter. Torren Management LLC bought a new position in Enviri in the 4th quarter valued at $37,000. Finally, Advisory Services Network LLC bought a new position in Enviri in the 3rd quarter valued at $27,000. Institutional investors own 93.43% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Peter Francis Minan acquired 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the transaction, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NVRI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research report on Wednesday, February 25th. Wall Street Zen raised Enviri to a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets increased their price target on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Enviri currently has a consensus rating of “Hold” and a consensus price target of $22.25.

Enviri Price Performance

NVRI opened at $20.97 on Wednesday. Enviri Corporation has a 12-month low of $7.70 and a 12-month high of $21.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The business’s fifty day simple moving average is $19.70 and its 200-day simple moving average is $18.92. The company has a market capitalization of $589.45 million, a price-to-earnings ratio of -10.08 and a beta of 1.59.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The business had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

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.