American Century Companies Inc. Boosts Stake in Enviri Co. (NYSE:NVRI)

American Century Companies Inc. grew its stake in shares of Enviri Co. (NYSE:NVRI) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,488 shares of the company’s stock after buying an additional 17,179 shares during the quarter. American Century Companies Inc. owned 0.17% of Enviri worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVRI. Natixis Advisors LLC raised its position in Enviri by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 31,334 shares of the company’s stock worth $270,000 after purchasing an additional 1,036 shares during the period. Diversified Trust Co raised its position in Enviri by 14.5% in the 1st quarter. Diversified Trust Co now owns 13,246 shares of the company’s stock worth $121,000 after purchasing an additional 1,675 shares during the period. SummerHaven Investment Management LLC raised its position in Enviri by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 78,587 shares of the company’s stock worth $678,000 after purchasing an additional 1,788 shares during the period. CWM LLC raised its position in Enviri by 137.6% in the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock worth $36,000 after purchasing an additional 2,392 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Enviri by 5.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,809 shares of the company’s stock worth $410,000 after purchasing an additional 2,491 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Price Performance

Shares of NYSE:NVRI opened at $10.34 on Tuesday. The stock has a market cap of $828.27 million, a PE ratio of -8.76 and a beta of 2.20. The company’s fifty day moving average is $10.91 and its 200 day moving average is $9.35. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $12.79. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $610.00 million for the quarter, compared to analyst estimates of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. Research analysts anticipate that Enviri Co. will post -0.02 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.