Union Square Park Capital Management LLC Buys New Shares in Enviri Corporation $NVRI

Union Square Park Capital Management LLC bought a new stake in shares of Enviri Corporation (NYSE:NVRI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 180,000 shares of the company’s stock, valued at approximately $3,226,000. Enviri accounts for about 1.6% of Union Square Park Capital Management LLC’s holdings, making the stock its 15th biggest position.

A number of other large investors have also added to or reduced their stakes in NVRI. Baird Financial Group Inc. bought a new stake in Enviri in the 1st quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enviri by 4.5% during 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 period. Empowered Funds LLC lifted its position in Enviri by 3.1% during the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock valued at $2,638,000 after acquiring an additional 11,762 shares during the period. Jane Street Group LLC raised its holdings in Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after buying an additional 111,359 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised 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 buying an additional 1,554 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Up 1.3%

NVRI opened at $20.97 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The firm has a 50 day moving average price of $19.70 and a 200-day moving average price of $18.92. Enviri Corporation has a twelve month low of $7.70 and a twelve month high of $21.91. The stock 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 released 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 during the quarter, compared to analysts’ expectations of $465.37 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

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

Insider Buying and Selling at Enviri

In related news, CFO Peter Francis Minan acquired 8,333 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Enviri in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Enviri to a “hold” rating in a report on Saturday. 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. According to MarketBeat, Enviri currently has a consensus 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.