Mutual of America Capital Management LLC Makes New Investment in Enviri Co. (NYSE:NVRI)

Mutual of America Capital Management LLC bought a new stake in Enviri Co. (NYSE:NVRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,973 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds have also made changes to their positions in the company. Diversified Trust Co acquired a new stake in Enviri in the 4th quarter valued at about $104,000. Brookstone Capital Management acquired a new stake in shares of Enviri in the fourth quarter valued at approximately $144,000. Arizona State Retirement System purchased a new position in shares of Enviri during the 4th quarter worth approximately $201,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Enviri during the 4th quarter worth approximately $292,000. Finally, Nelson Capital Management LLC purchased a new stake in Enviri in the 4th quarter valued at approximately $339,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Enviri stock opened at $8.29 on Wednesday. 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 capitalization of $661.79 million, a price-to-earnings ratio of -7.68 and a beta of 2.09. The stock has a fifty day moving average of $8.28 and a two-hundred day moving average of $7.75. 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 posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $493.30 million. Enviri had a negative return on equity of 1.99% and a negative net margin of 4.16%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, 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.