Everence Capital Management Inc. Purchases Shares of 29,730 Enviri Co. (NYSE:NVRI)

Everence Capital Management Inc. purchased a new stake in shares of Enviri Co. (NYSE:NVRI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,730 shares of the company’s stock, valued at approximately $268,000.

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

Enviri Stock Performance

Shares of NYSE NVRI opened at $8.00 on Friday. Enviri Co. has a twelve month low of $5.64 and a twelve month high of $10.01. The stock’s 50 day moving average price is $8.29 and its 200-day moving average price is $7.71. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.13 and a current ratio of 1.26.

Enviri (NYSE:NVRI) last announced 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 firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $493.30 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict 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.