Victory Capital Management Inc. Invests $1.37 Million in Enviri Co. (NYSE:NVRI)

Victory Capital Management Inc. bought a new stake in Enviri Co. (NYSE:NVRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 151,822 shares of the company’s stock, valued at approximately $1,366,000. Victory Capital Management Inc. owned about 0.19% of Enviri as of its most recent SEC filing.

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

Enviri Trading Down 0.8 %

Shares of NVRI stock opened at $8.24 on Monday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03. The business has a 50-day moving average of $8.26 and a 200 day moving average of $7.94. The stock has a market capitalization of $660.02 million, a PE ratio of -6.98 and a beta of 2.10. Enviri Co. has a 1-year low of $5.64 and a 1-year high of $10.01.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $600.00 million for the quarter, compared to the consensus estimate of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) earnings per share. As a group, sell-side analysts anticipate that Enviri Co. will post 0.01 earnings per share for the current year.

Insider Transactions at Enviri

In other Enviri news, CEO F Nicholas Grasberger III purchased 25,000 shares of Enviri stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the acquisition, the chief executive officer now directly owns 837,901 shares in the company, valued at $6,359,668.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by company insiders.

About Enviri

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.