Optimize Financial Inc Invests $342,000 in Enviri Corporation $NVRI

Optimize Financial Inc acquired a new stake in shares of Enviri Corporation (NYSE:NVRI) during the third quarter, Holdings Channel reports. The firm acquired 26,942 shares of the company’s stock, valued at approximately $342,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Enviri by 231.7% during the 2nd quarter. CWM LLC now owns 4,893 shares of the company’s stock valued at $42,000 after purchasing an additional 3,418 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Enviri by 43.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after buying an additional 2,322 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Enviri in the third quarter valued at $131,000. Envestnet Asset Management Inc. boosted its stake in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after buying an additional 1,554 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Enviri by 88.1% during the second quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock worth $114,000 after acquiring an additional 6,144 shares during the period. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Enviri stock opened at $19.09 on Friday. Enviri Corporation has a fifty-two week low of $4.72 and a fifty-two week high of $19.42. The firm’s 50 day simple moving average is $18.37 and its 200-day simple moving average is $14.09. The company has a debt-to-equity ratio of 3.71, a current ratio of 1.20 and a quick ratio of 0.90. The company has a market cap of $1.54 billion, a P/E ratio of -9.18 and a beta of 1.77.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Enviri had a negative return on equity of 9.80% and a negative net margin of 7.42%.The firm had revenue of $574.82 million during the quarter, compared to analyst estimates of $573.60 million. During the same period in the prior year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. As a group, equities research analysts predict that Enviri Corporation will post -0.13 EPS for the current year.

Insider Activity at Enviri

In other news, SVP Jennifer Ott Kozak sold 9,692 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the sale, the senior vice president owned 8,181 shares of the company’s stock, valued at $148,730.58. This trade represents a 54.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NVRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Thursday, January 22nd. Zacks Research raised shares of Enviri to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, CJS Securities raised Enviri to a “hold” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Enviri has a consensus rating of “Reduce”.

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.