Cerity Partners LLC Invests $236,000 in Enviri Co. (NYSE:NVRI)

Cerity Partners LLC bought a new stake in Enviri Co. (NYSE:NVRI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 26,225 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversified Trust Co purchased a new stake in Enviri in the fourth quarter valued at approximately $104,000. Mutual of America Capital Management LLC purchased a new stake in Enviri in the 4th quarter valued at $126,000. Brookstone Capital Management acquired a new stake in Enviri during the 4th quarter worth $144,000. Arizona State Retirement System purchased a new position in Enviri during the 4th quarter worth $201,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Enviri in the fourth quarter valued at $292,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

Shares of NVRI opened at $8.26 on Tuesday. 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 Co. has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The firm has a 50-day simple moving average of $8.28 and a 200-day simple moving average of $7.78. The company has a market capitalization of $659.40 million, a price-to-earnings ratio of -7.65 and a beta of 2.09.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The company 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 revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current 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.