Union Square Park Capital Management LLC Sells 80,000 Shares of Enviri Corporation $NVRI

Union Square Park Capital Management LLC lessened its stake in shares of Enviri Corporation (NYSE:NVRIFree Report) by 44.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 80,000 shares during the period. Enviri accounts for 1.1% of Union Square Park Capital Management LLC’s portfolio, making the stock its 19th largest holding. Union Square Park Capital Management LLC’s holdings in Enviri were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Enviri in the third quarter worth $27,000. KBC Group NV acquired a new position in Enviri in the 1st quarter valued at $31,000. Rockefeller Capital Management L.P. grew its stake in Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares during the last quarter. Torren Management LLC bought a new position in Enviri in the 4th quarter worth $37,000. Finally, BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 2,322 shares during the period. Institutional investors own 93.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Wall Street Zen upgraded Enviri to a “hold” rating in a research note on Saturday, June 13th. Finally, BMO Capital Markets boosted their price objective on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Enviri currently has an average rating of “Hold” and an average price target of $22.25.

Read Our Latest Stock Report on NVRI

Insider Activity

In other Enviri news, CFO Peter Francis Minan acquired 8,333 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $19.25 per share, for a total transaction of $160,410.25. Following the purchase, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Enviri Price Performance

Shares of NYSE:NVRI opened at $22.12 on Friday. The firm has a market capitalization of $621.80 million, a PE ratio of -10.64 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. Enviri Corporation has a 1-year low of $7.70 and a 1-year high of $23.56. The business’s 50 day moving average is $21.33 and its 200-day moving average is $19.73.

Enviri (NYSE:NVRIGet Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. The business had revenue of $549.80 million during the quarter, compared to analyst estimates of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.Enviri’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. Sell-side analysts predict that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were issued a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Enviri Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Enviri (NYSE:NVRI)

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