Illinois Municipal Retirement Fund Purchases New Position in Enviri Co. (NYSE:NVRI)

Illinois Municipal Retirement Fund purchased a new stake in shares of Enviri Co. (NYSE:NVRI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,318 shares of the company’s stock, valued at approximately $381,000. Illinois Municipal Retirement Fund owned about 0.05% of Enviri at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in Enviri during the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Enviri during the fourth quarter valued at approximately $125,000. Mutual of America Capital Management LLC purchased a new stake in Enviri during the fourth quarter valued at approximately $126,000. Brookstone Capital Management purchased a new stake in Enviri during the fourth quarter valued at approximately $144,000. Finally, Arizona State Retirement System purchased a new stake in Enviri during the fourth quarter valued at approximately $201,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 4.5 %

Shares of NYSE NVRI opened at $8.13 on Thursday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.13 and a current ratio of 1.26. The business’s 50 day moving average price is $8.28 and its 200-day moving average price is $7.79. 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 cap of $649.06 million, a price-to-earnings ratio of -7.53 and a beta of 2.10.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. Enviri had a negative return on equity of 1.99% and a negative net margin of 4.16%. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $493.30 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, 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.