Cerity Partners LLC Buys Shares of 26,225 Enviri Co. (NYSE:NVRI)

Cerity Partners LLC purchased a new position in shares of Enviri Co. (NYSE:NVRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,225 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Diversified Trust Co acquired a new position in Enviri in the fourth quarter worth about $104,000. Brookstone Capital Management acquired a new position in shares of Enviri in the 4th quarter worth approximately $144,000. Legato Capital Management LLC bought a new stake in shares of Enviri in the 4th quarter valued at approximately $1,212,000. D.B. Root & Company LLC bought a new stake in shares of Enviri in the 4th quarter valued at approximately $477,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Enviri during the 4th quarter valued at approximately $442,000. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Enviri stock opened at $8.26 on Tuesday. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.26 and a quick ratio of 1.13. Enviri Co. has a 12 month low of $5.64 and a 12 month high of $10.01. The company has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.78. The company has a market cap of $659.40 million, a PE ratio of -7.65 and a beta of 2.09.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $493.30 million. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. Research analysts expect that Enviri Co. will post -0.13 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.