AQR Capital Management LLC Purchases 127,357 Shares of Enviri Co. (NYSE:NVRI)

AQR Capital Management LLC raised its holdings in shares of Enviri Co. (NYSE:NVRI) by 943.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 140,859 shares of the company’s stock after acquiring an additional 127,357 shares during the quarter. AQR Capital Management LLC’s holdings in Enviri were worth $1,216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Enviri by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company’s stock valued at $46,005,000 after acquiring an additional 62,298 shares during the period. Dimensional Fund Advisors LP increased its holdings in Enviri by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after acquiring an additional 249,181 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of Enviri by 3.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock worth $33,729,000 after purchasing an additional 132,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Enviri by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock valued at $5,617,000 after purchasing an additional 15,084 shares during the period. Finally, Leeward Investments LLC MA boosted its holdings in Enviri by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 469,810 shares of the company’s stock worth $4,054,000 after buying an additional 24,852 shares during the period. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $10.59 on Friday. 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 Co. has a twelve month low of $5.64 and a twelve month high of $12.79. The business has a 50-day moving average price of $10.71 and a 200-day moving average price of $9.47. The firm has a market cap of $848.36 million, a price-to-earnings ratio of -8.75 and a beta of 2.19.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. Enviri’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities research analysts predict that Enviri Co. will post -0.02 EPS for the current fiscal 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.