Essex Investment Management Co. LLC Buys 1,056 Shares of Enviri Co. (NYSE:NVRI)

Essex Investment Management Co. LLC lifted its stake in shares of Enviri Co. (NYSE:NVRI) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,870 shares of the company’s stock after acquiring an additional 1,056 shares during the period. Essex Investment Management Co. LLC owned approximately 0.49% of Enviri worth $4,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Enviri by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company’s stock valued at $46,005,000 after acquiring an additional 62,298 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enviri by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after purchasing an additional 249,181 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in Enviri by 3.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock worth $33,729,000 after purchasing an additional 132,000 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after purchasing an additional 383,395 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Enviri by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock valued at $5,617,000 after buying an additional 15,084 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Up 3.7 %

Shares of Enviri stock traded up $0.38 during trading hours on Friday, reaching $10.59. 293,613 shares of the company’s stock were exchanged, compared to its average volume of 457,238. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The company has a 50 day moving average of $10.71 and a two-hundred day moving average of $9.48. The stock has a market cap of $848.36 million, a P/E ratio of -8.75 and a beta of 2.19. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $12.79.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The firm had revenue of $610.00 million during the quarter, compared to the consensus estimate of $616.85 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that Enviri Co. will post -0.02 EPS 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.