Meros Investment Management LP Buys Shares of 288,617 Enviri Corporation $NVRI

Meros Investment Management LP acquired a new position in Enviri Corporation (NYSE:NVRIFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 288,617 shares of the company’s stock, valued at approximately $6,335,143,000. Enviri accounts for approximately 2.0% of Meros Investment Management LP’s investment portfolio, making the stock its 20th biggest holding. Meros Investment Management LP owned about 1.02% of Enviri at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NVRI. Bleakley Financial Group LLC lifted its position in Enviri by 3.4% in the first quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock worth $321,000 after purchasing an additional 531 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Enviri by 204.5% during the fourth 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 in the last quarter. 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. KBC Group NV acquired a new position in Enviri during the first quarter worth about $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after acquiring an additional 2,028 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Price Performance

Shares of NYSE NVRI opened at $21.73 on Wednesday. The business has a 50 day simple moving average of $21.98 and a 200 day simple moving average of $20.20. Enviri Corporation has a 52 week low of $10.81 and a 52 week high of $24.20.

Enviri (NYSE:NVRIGet Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $370.97 million. The firm’s revenue was down 66.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Equities analysts expect that Enviri Corporation will post -1.55 earnings per share for the current year.

Enviri Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were paid a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NVRI shares. Wall Street Zen raised Enviri to a “hold” rating in a research report on Saturday, June 13th. BMO Capital Markets boosted their price objective on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.50.

View Our Latest Analysis on NVRI

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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