Clearline Capital LP Takes $1.19 Million Position in Enviri Corporation $NVRI

Clearline Capital LP acquired a new stake in Enviri Corporation (NYSE:NVRI) in the third quarter, according to its most recent filing with the SEC. The fund acquired 94,099 shares of the company’s stock, valued at approximately $1,194,000. Clearline Capital LP owned approximately 0.12% of Enviri at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Enviri by 43.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after acquiring an additional 2,322 shares during the period. Baird Financial Group Inc. purchased a new position in shares of Enviri during the 1st quarter valued at $93,000. Envestnet Asset Management Inc. raised its position in shares of 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 in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Enviri by 88.1% in the second quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock worth $114,000 after buying an additional 6,144 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Enviri by 22.2% during the second quarter. Osaic Holdings Inc. now owns 14,649 shares of the company’s stock valued at $127,000 after buying an additional 2,658 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Enviri stock opened at $17.86 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 5.18. The firm has a market cap of $1.45 billion, a P/E ratio of -8.42 and a beta of 1.77. Enviri Corporation has a 1-year low of $4.72 and a 1-year high of $19.48. The firm has a 50-day moving average of $18.60 and a 200-day moving average of $15.77.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. The company had revenue of $555.01 million for the quarter, compared to the consensus estimate of $550.90 million. Enviri had a negative return on equity of 13.47% and a negative net margin of 7.62%.Enviri’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. Sell-side analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NVRI shares. Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Thursday, January 22nd. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Enviri in a research note on Wednesday, February 25th. Zacks Research raised Enviri to a “hold” rating in a report on Tuesday, December 16th. Finally, CJS Securities upgraded Enviri to a “hold” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.00.

About Enviri

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.