Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Enviri Co. (NYSE:NVRI)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Enviri Co. (NYSE:NVRI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,905 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NVRI. Diversified Trust Co purchased a new position in shares of Enviri during the 4th quarter valued at approximately $104,000. Brookstone Capital Management purchased a new position in shares of Enviri during the 4th quarter valued at approximately $144,000. Legato Capital Management LLC purchased a new position in shares of Enviri during the 4th quarter valued at approximately $1,212,000. D.B. Root & Company LLC purchased a new position in shares of Enviri during the 4th quarter valued at approximately $477,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Enviri during the 4th quarter valued at approximately $442,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Enviri

In other news, CEO F Nicholas Grasberger III purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of $7.59 per share, with a total value of $189,750.00. Following the transaction, the chief executive officer now owns 837,901 shares in the company, valued at approximately $6,359,668.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Enviri Stock Performance

NVRI stock opened at $8.30 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The firm has a market cap of $664.83 million, a P/E ratio of -7.03 and a beta of 2.10. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $10.01. The stock’s 50 day simple moving average is $8.26 and its 200 day simple moving average is $7.82.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The business had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. As a group, equities research analysts predict that Enviri Co. will post 0.01 EPS for the current year.

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.