88,028 Shares in Enviri Co. (NYSE:NVRI) Purchased by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position in shares of Enviri Co. (NYSE:NVRI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 88,028 shares of the company’s stock, valued at approximately $792,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Enviri during the fourth quarter worth approximately $68,531,000. Neuberger Berman Group LLC bought a new stake in shares of Enviri during the fourth quarter worth approximately $36,857,000. Dimensional Fund Advisors LP bought a new stake in shares of Enviri during the fourth quarter worth approximately $31,477,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Enviri during the fourth quarter worth approximately $14,968,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Enviri during the fourth quarter worth approximately $10,870,000. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Shares of NYSE:NVRI traded up $0.01 during trading on Thursday, reaching $8.00. 398,052 shares of the stock were exchanged, compared to its average volume of 406,875. Enviri Co. has a 12 month low of $5.64 and a 12 month high of $10.01. The firm has a market cap of $638.24 million, a PE ratio of -7.40 and a beta of 2.10. The stock has a 50-day moving average price of $8.29 and a 200-day moving average price of $7.71. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.44.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $493.30 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Research analysts expect that Enviri Co. will post -0.12 EPS for the current fiscal 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.