SG Americas Securities LLC Has $2.86 Million Stock Position in Enviri Corporation $NVRI

SG Americas Securities LLC lowered its position in shares of Enviri Corporation (NYSE:NVRI) by 77.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,845 shares of the company’s stock after selling 496,673 shares during the period. SG Americas Securities LLC owned about 0.18% of Enviri worth $2,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in Enviri by 5.3% during the 4th 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 last quarter. Rockefeller Capital Management L.P. boosted its holdings in Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after acquiring an additional 1,264 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Enviri by 14.0% in the 2nd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after buying an additional 2,028 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Enviri during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NVRI shares. Wall Street Zen raised shares of Enviri to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Finally, BMO Capital Markets raised their target price 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 research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Enviri has a consensus rating of “Hold” and a consensus price target of $22.25.

Insider Activity at Enviri

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $19.25 per share, for a total transaction of $160,410.25. Following 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Enviri Stock Up 0.8%

Shares of NYSE NVRI opened at $22.07 on Wednesday. The business has a 50-day moving average of $20.13 and a 200-day moving average of $19.16. The firm has a market capitalization of $620.11 million, a price-to-earnings ratio of -10.61 and a beta of 1.59. Enviri Corporation has a 12 month low of $7.70 and a 12 month high of $22.26. 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 posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter last year, the company posted ($0.18) EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts expect that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

Enviri 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.