Newtyn Management LLC Acquires Shares of 374,194 Enviri Corporation $NVRI

Newtyn Management LLC acquired a new stake in Enviri Corporation (NYSE:NVRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 374,194 shares of the company’s stock, valued at approximately $8,214,000. Enviri accounts for about 1.0% of Newtyn Management LLC’s holdings, making the stock its 24th biggest position.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV acquired a new stake in Enviri during the first quarter worth about $31,000. Rockefeller Capital Management L.P. lifted its holdings in Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares during the period. State of Wyoming acquired a new position in Enviri in the second quarter valued at approximately $46,000. Advisory Services Network LLC purchased a new stake in Enviri in the 3rd quarter worth approximately $27,000. Finally, Global Retirement Partners LLC purchased a new stake in Enviri in the 2nd quarter worth approximately $107,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling at Enviri

In related news, CFO Peter Francis Minan acquired 2,946 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $20.27 per share, with a total value of $59,715.42. Following the completion of the acquisition, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $1,976,426.35. This trade represents a 3.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carolann I. Haznedar acquired 4,875 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $20.46 per share, for a total transaction of $99,742.50. Following the completion of the acquisition, the director owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. This represents a 12.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 16,154 shares of company stock valued at $319,868.

Enviri Price Performance

Shares of NVRI opened at $22.34 on Monday. Enviri Corporation has a 12 month low of $10.81 and a 12 month high of $24.20. The stock’s 50 day moving average is $22.04 and its two-hundred day moving average is $20.27.

Enviri (NYSE:NVRI) last announced its earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The firm had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. During the same period last year, the firm posted $0.22 earnings per share. Enviri’s revenue for the quarter was down 66.7% on a year-over-year basis. On average, analysts forecast that Enviri Corporation will post -1.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVRI. BMO Capital Markets lifted their target price on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings raised shares of Enviri from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Enviri has an average rating of “Hold” and a consensus price target of $24.50.

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.