131,314 Shares in Enviri Co. (NYSE:NVRI) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new position in Enviri Co. (NYSE:NVRI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 131,314 shares of the company’s stock, valued at approximately $1,182,000.

Several other hedge funds also recently added to or reduced their stakes in NVRI. Diversified Trust Co purchased a new position in Enviri in the fourth quarter worth approximately $104,000. Brookstone Capital Management purchased a new position in Enviri in the fourth quarter worth approximately $144,000. Legato Capital Management LLC purchased a new position in Enviri in the fourth quarter worth approximately $1,212,000. D.B. Root & Company LLC purchased a new position in Enviri in the fourth quarter worth approximately $477,000. Finally, State of Alaska Department of Revenue purchased a new position in Enviri in the fourth quarter worth approximately $442,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Down 1.2 %

NVRI opened at $7.99 on Thursday. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $10.01. The business has a fifty day simple moving average of $8.29 and a 200-day simple moving average of $7.71. The firm has a market cap of $637.48 million, a P/E ratio of -7.39 and a beta of 2.10. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.44.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. Enviri had a negative return on equity of 1.99% and a negative net margin of 4.16%. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $493.30 million. During the same period last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that Enviri Co. will post -0.12 earnings per share for the current year.

Enviri Company Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.