Nelson Capital Management LLC Purchases New Position in Enviri Co. (NYSE:NVRI)

Nelson Capital Management LLC acquired a new position in Enviri Co. (NYSE:NVRI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,650 shares of the company’s stock, valued at approximately $339,000.

Other large investors have also bought and sold shares of the company. Diversified Trust Co purchased a new position in Enviri during the 4th quarter valued at about $104,000. Brookstone Capital Management bought a new stake in shares of Enviri in the 4th quarter worth approximately $144,000. Arizona State Retirement System purchased a new stake in shares of Enviri in the 4th quarter worth approximately $201,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enviri during the fourth quarter valued at $292,000. Finally, State of Alaska Department of Revenue bought a new stake in Enviri in the fourth quarter worth $442,000. 93.43% of the stock is owned by institutional investors.

Enviri Stock Down 6.9 %

Shares of NYSE:NVRI traded down $0.62 on Wednesday, hitting $8.31. 361,687 shares of the company traded hands, compared to its average volume of 416,601. The stock has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $7.67. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.44. The company has a market cap of $663.39 million, a PE ratio of -7.69 and a beta of 2.10. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $10.01.

Enviri (NYSE:NVRI) last released its quarterly earnings data 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. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $493.30 million. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. Enviri’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, research analysts expect that Enviri Co. will post -0.12 earnings per share for the current year.

Enviri Company 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.