Paradigm Capital Management Inc. NY Lowers Holdings in Enviri Corporation $NVRI

Paradigm Capital Management Inc. NY cut its holdings in Enviri Corporation (NYSE:NVRI) by 37.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,232,298 shares of the company’s stock after selling 1,312,400 shares during the period. Enviri accounts for 1.7% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 14th biggest holding. Paradigm Capital Management Inc. NY’s holdings in Enviri were worth $43,798,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in Enviri in the 3rd quarter worth approximately $27,000. KBC Group NV bought a new position in Enviri during the 1st quarter valued at about $31,000. Rockefeller Capital Management L.P. grew its stake in shares of 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 during the last quarter. Torren Management LLC purchased a new stake in Enviri in the fourth quarter worth $37,000. Finally, BNP Paribas Financial Markets increased its stake 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 buying an additional 2,322 shares during the period. 93.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.50% of the company’s stock.

Enviri Stock Down 1.8%

NVRI stock opened at $22.12 on Friday. Enviri Corporation has a 12 month low of $7.70 and a 12 month high of $23.56. The company has a market cap of $621.80 million, a price-to-earnings 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. The firm has a 50-day moving average of $21.33 and a two-hundred day moving average of $19.73.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. The company had revenue of $549.80 million for 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%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. As a group, analysts forecast that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

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

Enviri 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.