Mutual of America Capital Management LLC Purchases Shares of 13,973 Enviri Co. (NYSE:NVRI)

Mutual of America Capital Management LLC acquired a new position in shares of Enviri Co. (NYSE:NVRI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,973 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nelson Capital Management LLC bought a new stake in Enviri during the fourth quarter valued at about $339,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enviri in the fourth quarter valued at approximately $292,000. New York State Teachers Retirement System acquired a new stake in shares of Enviri in the fourth quarter worth $1,182,000. Venture Visionary Partners LLC bought a new position in Enviri during the fourth quarter worth $632,000. Finally, Arizona State Retirement System acquired a new position in Enviri during the 4th quarter valued at $201,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

Shares of Enviri stock opened at $8.29 on Wednesday. The firm has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.75. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.26 and a quick ratio of 1.13. The company has a market cap of $661.79 million, a PE ratio of -7.68 and a beta of 2.09.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $493.30 million. During the same period last year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts expect that Enviri Co. will post -0.12 EPS 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.