Strs Ohio Makes New Investment in Enviri Co. (NYSE:NVRI)

Strs Ohio purchased a new stake in Enviri Co. (NYSE:NVRI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 78,800 shares of the company’s stock, valued at approximately $709,000. Strs Ohio owned approximately 0.10% of Enviri as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Legato Capital Management LLC bought a new stake in Enviri during the 4th quarter valued at $1,212,000. New York State Teachers Retirement System bought a new stake in Enviri during the fourth quarter valued at about $1,182,000. Venture Visionary Partners LLC bought a new position in Enviri in the fourth quarter worth about $632,000. D.B. Root & Company LLC purchased a new stake in shares of Enviri during the fourth quarter valued at about $477,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Enviri in the 4th quarter valued at about $442,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 0.6 %

NYSE NVRI opened at $8.05 on Friday. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $10.01. The company has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.75. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.44. The firm has a market cap of $642.63 million, a PE ratio of -7.45 and a beta of 2.10.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.07) EPS for the quarter, beating 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 firm had revenue of $529.00 million during the quarter, compared to analyst estimates of $493.30 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Enviri Co. will post -0.13 EPS for the current fiscal year.

Enviri 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.