Brookstone Capital Management Acquires New Position in Enviri Co. (NYSE:NVRI)

Brookstone Capital Management acquired a new stake in shares of Enviri Co. (NYSE:NVRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,954 shares of the company’s stock, valued at approximately $144,000.

Separately, Diversified Trust Co bought a new position in Enviri during the 4th quarter worth approximately $104,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

NVRI opened at $8.85 on Thursday. The stock’s 50 day simple moving average is $8.30 and its 200 day simple moving average is $7.58. 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 1 year low of $5.64 and a 1 year high of $10.01. The firm has a market cap of $706.50 million, a price-to-earnings ratio of -8.19 and a beta of 2.08.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share (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 for the quarter, compared to analyst estimates of $493.30 million. During the same period last year, the company earned $0.01 EPS. Enviri’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts predict 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.