Pertento Partners LLP Invests $43.54 Million in Enviri Corporation $NVRI

Pertento Partners LLP acquired a new stake in Enviri Corporation (NYSE:NVRI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,431,188 shares of the company’s stock, valued at approximately $43,542,000. Enviri makes up about 5.1% of Pertento Partners LLP’s portfolio, making the stock its 10th largest position. Pertento Partners LLP owned approximately 4.25% of Enviri at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Enviri by 43.8% in the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after purchasing an additional 2,322 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Enviri in the 1st quarter worth $93,000. Envestnet Asset Management Inc. raised its stake in shares of Enviri by 14.0% in the 2nd 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 lifted its holdings 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 valued at $114,000 after buying an additional 6,144 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Enviri by 22.2% in 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. Institutional investors own 93.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enviri Price Performance

NVRI stock opened at $17.96 on Thursday. Enviri Corporation has a one year low of $4.72 and a one year high of $19.48. The firm has a 50-day moving average of $18.60 and a two-hundred day moving average of $15.68. The firm has a market capitalization of $1.46 billion, a PE ratio of -8.47 and a beta of 1.77. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 5.18.

Enviri (NYSE:NVRI) last released its earnings results on Tuesday, February 24th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.03. Enviri had a negative net margin of 7.62% and a negative return on equity of 13.47%. The business had revenue of $555.01 million for the quarter, compared to the consensus estimate of $550.90 million. During the same period last year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current year.

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.