Miami-based Vision One Management Partners acquired 436,911 shares of Enviri Corporation for an estimated $5.5 million during the third quarter. Despite the sale, the fund reported holding 436,911 NVRI shares worth $5.5 million as of September 30.

On November 14, Vision One Management Partners disclosed a new stake in Enviri Corporation, adding 436,911 shares valued at approximately $5.5 million.

Enviri Corporation, a leading provider of environmental solutions for industrial waste streams, saw its shares priced at $17.40 as of Friday’s market close, up 143% over the past year.

Enviri’s latest earnings report showed steady revenue at $575 million but continued GAAP losses and tightening margins as the company navigates divestitures, contract exits, and a strategic alternatives process.

Vision One’s $5.5 million position in Enviri is a high-conviction addition for the fund during a pivotal time for the company, known for activist moves and potential upside tied to the company’s margin recovery plan and improving free-cash-flow trajectory.

Read more at Yahoo Finance: This Fund Just Took a $5.5 Million Stake in a Turnaround Stock Up 143% This Past Year