Mackenzie Financial Corp Buys New Stake in Enviri Co. (NYSE:NVRI)

Mackenzie Financial Corp purchased a new stake in shares of Enviri Co. (NYSE:NVRI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 49,336 shares of the company’s stock, valued at approximately $444,000. Mackenzie Financial Corp owned approximately 0.06% of Enviri as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NVRI. Diversified Trust Co purchased a new stake in shares of Enviri during the 4th quarter valued at about $104,000. Mutual of America Capital Management LLC bought a new stake in Enviri during the fourth quarter worth approximately $126,000. Brookstone Capital Management purchased a new stake in Enviri during the fourth quarter valued at approximately $144,000. Arizona State Retirement System bought a new stake in shares of Enviri in the 4th quarter valued at approximately $201,000. Finally, Cerity Partners LLC purchased a new position in shares of Enviri in the 4th quarter worth approximately $236,000. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $8.09 on Friday. The business’s 50 day moving average price is $8.27 and its 200-day moving average price is $7.76. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The company has a market cap of $645.82 million, a P/E ratio of -7.49 and a beta of 2.10. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.13 and a current ratio of 1.26.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) EPS for the quarter, topping 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 firm had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $493.30 million. During the same period in the previous year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts predict that Enviri Co. will post -0.13 earnings per share for the current 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.