BlackRock Fund Advisors recently announced the acquisition of new stake in Enviri Corp (NYSE:NVRI). The institutional investor has increased its shareholding in the Industrials company by 1.51% to 13.12 million shares with purchase of 0.19 million shares. This fresh investment now brings its stake to 16.44% valued currently at $118.12 million. In addition, The Vanguard Group, Inc. raised its holdings by 56558.0 to 9.18 million shares. And Dimensional Fund Advisors LP has lifted its position by 6.73% or 0.21 million shares – to 3.39 million shares.
With over 0.48 million Enviri Corp (NVRI) shares trading Friday and a closing price of $9.12 on the day, the dollar volume was approximately $4.36 million. The shares have shown a negative half year performance of -2.46% and its price on 01/12/24 gained nearly 1.67%. Currently, there are 79.49M common shares owned by the public and among those 78.30M shares have been available to trade.
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Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 263,905 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 91,571 shares.
The top 3 mutual fund holders in Enviri Corp are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and American Beacon Small Cap Value F. iShares Core S&P Small Cap ETF owns 5.35 million shares of the company’s stock, all valued at over $48.14 million. American Beacon Small Cap Value F now owns shares totaling to 2.82% of the shares outstanding.
Shares of Enviri Corp (NYSE: NVRI) opened at $9.13, up $0.16 from a prior closing price of $8.97. However, the script later moved the day high at 9.24, up 1.67%. The company’s stock has a 5-day price change of 7.42% and 33.14% over the past three months. NVRI shares are trading 1.33% year to date (YTD), with the 12-month market performance up to 25.62% higher. It has a 12-month low price of $5.64 and touched a high of $10.01 over the same period. NVRI has an average intraday trading volume of 521.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.22%, 26.54%, and 17.97% respectively.
Institutional ownership of Enviri Corp (NYSE: NVRI) shares accounts for 92.35% of the company’s 79.49M shares outstanding. Mutual fund holders own 40.36%, while other institutional holders and individual stakeholders account for 54.93% and 3.20% respectively.
It has a market capitalization of $728.05M and a beta (3y monthly) value of 2.12. The earnings-per-share (ttm) stands at -$0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.21% over the week and 4.00% over the month.
Analysts forecast that Enviri Corp (NVRI) will achieve an EPS of -$0.07 for the current quarter, $0.01 for the next quarter and $0.09 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -220.00%, and 175.00% over the next financial year.
Looking at the support for the NVRI, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on July 12, 2022, with the firm’s price target at $7.
