Paradigm Capital Management Inc. NY Has $33.73 Million Stock Position in Enviri Co. (NYSE:NVRI)

Paradigm Capital Management Inc. NY increased its stake in shares of Enviri Co. (NYSE:NVRI) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,908,400 shares of the company’s stock after purchasing an additional 132,000 shares during the period. Enviri makes up approximately 1.5% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 20th largest holding. Paradigm Capital Management Inc. NY’s holdings in Enviri were worth $33,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVRI. Swiss National Bank bought a new stake in Enviri in the fourth quarter valued at approximately $1,415,000. Charles Schwab Investment Management Inc. acquired a new stake in Enviri during the 4th quarter worth $14,968,000. Teacher Retirement System of Texas bought a new position in Enviri during the fourth quarter worth about $171,000. Dimensional Fund Advisors LP acquired a new position in Enviri in the fourth quarter valued at about $31,477,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Enviri in the fourth quarter worth about $3,744,000. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 0.9 %

NYSE:NVRI opened at $10.59 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.32 and a quick ratio of 1.00. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $12.79. The business’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $9.29. The stock has a market capitalization of $848.29 million, a PE ratio of -8.97 and a beta of 2.20.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS 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 analyst estimates of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. Sell-side analysts expect that Enviri Co. will post -0.02 earnings per share for the current fiscal year.

Enviri 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.