Enviri Co. (NYSE:NVRI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in Enviri Co. (NYSE:NVRI) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,929 shares of the company’s stock after selling 1,447 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Enviri were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Innealta Capital LLC acquired a new stake in Enviri during the second quarter valued at approximately $26,000. CWM LLC raised its stake in Enviri by 137.6% during the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 2,392 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Enviri during the fourth quarter valued at approximately $65,000. DekaBank Deutsche Girozentrale acquired a new stake in Enviri during the first quarter valued at approximately $70,000. Finally, Aigen Investment Management LP acquired a new stake in Enviri during the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Trading Down 2.0 %

Shares of NYSE NVRI opened at $11.04 on Thursday. The stock’s 50 day moving average price is $10.53 and its two-hundred day moving average price is $9.08. Enviri Co. has a 52-week low of $5.64 and a 52-week high of $12.79. The stock has a market capitalization of $884.34 million, a P/E ratio of -9.36 and a beta of 2.23. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts anticipate that Enviri Co. will post -0.02 earnings per share 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.