AXQ Capital LP Acquires Shares of 11,468 Enviri Co. (NYSE:NVRI)

AXQ Capital LP bought a new stake in Enviri Co. (NYSE:NVRI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,468 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors have also modified their holdings of NVRI. Jane Street Group LLC grew its position in Enviri by 90.0% in the 3rd quarter. Jane Street Group LLC now owns 275,111 shares of the company’s stock valued at $2,845,000 after buying an additional 130,292 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 102,405 shares in the last quarter. FMR LLC increased its stake in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares during the period. Amundi raised its holdings in Enviri by 262.3% during the fourth quarter. Amundi now owns 58,278 shares of the company’s stock worth $491,000 after purchasing an additional 42,194 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Enviri by 18.4% in the third quarter. BNP Paribas Financial Markets now owns 34,296 shares of the company’s stock valued at $355,000 after purchasing an additional 5,342 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Insider Activity

In other news, SVP Russell C. Hochman bought 40,127 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of $6.27 per share, with a total value of $251,596.29. Following the completion of the acquisition, the senior vice president now owns 120,357 shares of the company’s stock, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tom George Vadaketh purchased 40,297 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $6.20 per share, with a total value of $249,841.40. Following the transaction, the chief financial officer now owns 132,431 shares of the company’s stock, valued at approximately $821,072.20. This represents a 43.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $7.08 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The business’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.41. The stock has a market capitalization of $567.51 million, a price-to-earnings ratio of -4.45 and a beta of 2.19. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Research analysts expect that Enviri Co. will post -0.13 EPS for the current year.

About Enviri

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.