Enviri Co. (NYSE:NVRI) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in Enviri Co. (NYSE:NVRI) by 86.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,175 shares of the company’s stock after selling 118,801 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Enviri were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of Enviri by 90.0% in the third quarter. Jane Street Group LLC now owns 275,111 shares of the company’s stock valued at $2,845,000 after purchasing an additional 130,292 shares during the period. Barclays PLC boosted its position in Enviri by 344.8% in the third quarter. Barclays PLC now owns 132,106 shares of the company’s stock valued at $1,367,000 after buying an additional 102,405 shares during the last quarter. FMR LLC increased its holdings in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after buying an additional 1,809 shares during the period. Amundi raised its position in Enviri by 262.3% during the 4th quarter. Amundi now owns 58,278 shares of the company’s stock worth $491,000 after buying an additional 42,194 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Enviri by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,839,051 shares of the company’s stock valued at $19,020,000 after acquiring an additional 28,166 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Transactions at Enviri

In other Enviri news, CFO Tom George Vadaketh acquired 40,297 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.20 per share, with a total value of $249,841.40. Following the completion of the acquisition, the chief financial officer now owns 132,431 shares in the company, valued at approximately $821,072.20. This trade represents a 43.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell C. Hochman bought 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the purchase, the senior vice president now owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Enviri Stock Down 5.7 %

NYSE:NVRI opened at $6.65 on Friday. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The company’s fifty day moving average price is $7.80 and its 200-day moving average price is $8.35. Enviri Co. has a 1-year low of $5.67 and a 1-year high of $12.79. The firm has a market capitalization of $533.02 million, a P/E ratio of -4.18 and a beta of 2.19.

Enviri (NYSE:NVRI) last announced 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. The company had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same period last year, the firm earned ($0.07) EPS. As a group, equities research analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.

Enviri Company Profile

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.