Everence Capital Management Inc. Takes $268,000 Position in Enviri Co. (NYSE:NVRI)

Everence Capital Management Inc. acquired a new stake in shares of Enviri Co. (NYSE:NVRI) in the 4th quarter, HoldingsChannel reports. The fund acquired 29,730 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co bought a new position in shares of Enviri during the fourth quarter valued at about $104,000. Mutual of America Capital Management LLC bought a new position in shares of Enviri during the fourth quarter valued at about $126,000. Brookstone Capital Management bought a new position in shares of Enviri during the fourth quarter valued at about $144,000. Arizona State Retirement System bought a new position in Enviri in the fourth quarter worth about $201,000. Finally, Cerity Partners LLC bought a new position in Enviri in the fourth quarter worth about $236,000. 93.43% of the stock is owned by institutional investors.

Enviri Price Performance

NVRI stock opened at $8.00 on Friday. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $10.01. The firm has a 50-day moving average of $8.29 and a 200 day moving average of $7.71. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.26 and a quick ratio of 1.13.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $493.30 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Enviri Co. will post -0.12 EPS for the current fiscal 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.