Maryland State Retirement & Pension System Takes $264,000 Position in Enviri Co. (NYSE:NVRI)

Maryland State Retirement & Pension System acquired a new position in shares of Enviri Co. (NYSE:NVRIFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,376 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Diversified Trust Co purchased a new stake in Enviri during the fourth quarter worth about $104,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Enviri during the 4th quarter worth approximately $125,000. Mutual of America Capital Management LLC purchased a new stake in Enviri during the 4th quarter worth approximately $126,000. Brookstone Capital Management acquired a new stake in Enviri during the 4th quarter worth approximately $144,000. Finally, Russell Investments Group Ltd. purchased a new position in Enviri in the 4th quarter valued at approximately $147,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO F Nicholas Grasberger III acquired 25,000 shares of Enviri stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $7.59 per share, for a total transaction of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Enviri Stock Down 3.1 %

Enviri stock opened at $8.04 on Friday. The firm has a market capitalization of $644.03 million, a P/E ratio of -6.81 and a beta of 2.10. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Enviri Co. has a twelve month low of $5.64 and a twelve month high of $10.01. The stock’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.84.

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

Enviri Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enviri (NYSE:NVRI)

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