23,325 Shares in Enviri Co. (NYSE:NVRI) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in shares of Enviri Co. (NYSE:NVRI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,325 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of Enviri during the fourth quarter worth about $1,182,000. Legato Capital Management LLC bought a new position in shares of Enviri during the fourth quarter worth about $1,212,000. Venture Visionary Partners LLC bought a new position in shares of Enviri during the fourth quarter worth about $632,000. Brookstone Capital Management acquired a new position in Enviri during the fourth quarter valued at approximately $144,000. Finally, Diversified Trust Co acquired a new position in Enviri during the fourth quarter valued at approximately $104,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Stock Performance

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

Enviri (NYSE:NVRI) last issued its quarterly earnings results 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 analysts’ expectations of $493.30 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts predict that Enviri Co. will post -0.13 earnings per share 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.