NJ State Employees Deferred Compensation Plan Takes Position in Enviri Co. (NYSE:NVRI)

NJ State Employees Deferred Compensation Plan acquired a new position in shares of Enviri Co. (NYSE:NVRI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,000 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently bought and sold shares of NVRI. Yousif Capital Management LLC bought a new stake in shares of Enviri during the fourth quarter worth $359,000. Wolverine Asset Management LLC acquired a new stake in shares of Enviri in the 4th quarter valued at about $2,066,000. New York State Common Retirement Fund acquired a new stake in shares of Enviri in the 4th quarter valued at about $303,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Enviri in the 4th quarter valued at about $381,000. Finally, J.W. Cole Advisors Inc. acquired a new position in Enviri during the 4th quarter valued at about $210,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

Shares of NYSE:NVRI traded up $0.04 during mid-day trading on Friday, reaching $8.09. The company had a trading volume of 226,519 shares, compared to its average volume of 400,396. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.44. The company’s 50-day moving average price is $8.27 and its 200-day moving average price is $7.75. Enviri Co. has a one year low of $5.64 and a one year high of $10.01.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $493.30 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts expect that Enviri Co. will post -0.13 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.