Russell Investments Group Ltd. Takes $147,000 Position in Enviri Co. (NYSE:NVRI)

Russell Investments Group Ltd. acquired a new position in shares of Enviri Co. (NYSE:NVRIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,310 shares of the company’s stock, valued at approximately $147,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co acquired a new position in shares of Enviri in the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Enviri in the 4th quarter valued at approximately $125,000. Mutual of America Capital Management LLC bought a new position in shares of Enviri during the fourth quarter valued at $126,000. Brookstone Capital Management acquired a new position in shares of Enviri during the fourth quarter worth $144,000. Finally, Arizona State Retirement System bought a new stake in shares of Enviri in the fourth quarter worth $201,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Insider Activity

In other news, CEO F Nicholas Grasberger III bought 25,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $7.59 per share, with a total value of $189,750.00. Following the completion of the purchase, the chief executive officer now directly owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $8.49 on Friday. The company has a market capitalization of $680.05 million, a price-to-earnings ratio of -7.19 and a beta of 2.10. Enviri Co. has a twelve month low of $5.64 and a twelve month high of $10.01. The stock has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $7.97. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65.

Enviri (NYSE:NVRIGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $600.00 million during the quarter, compared to the consensus estimate of $509.77 million. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. Sell-side analysts expect that Enviri Co. will post 0.01 EPS for the current year.

Enviri Company 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.

Further Reading

Institutional Ownership by Quarter for Enviri (NYSE:NVRI)

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