Texas Permanent School Fund Corp Grows Stock Holdings in Enviri Co. (NYSE:NVRI)

Texas Permanent School Fund Corp boosted its holdings in Enviri Co. (NYSE:NVRI) by 32.5% in the second quarter, Holdings Channel reports. The institutional investor owned 91,871 shares of the company’s stock after acquiring an additional 22,540 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Enviri were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Swiss National Bank purchased a new position in shares of Enviri during the 4th quarter valued at $1,415,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Enviri during the 4th quarter valued at $14,968,000. Teacher Retirement System of Texas purchased a new position in shares of Enviri during the 4th quarter valued at $171,000. Dimensional Fund Advisors LP purchased a new position in shares of Enviri during the 4th quarter valued at $31,477,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Enviri during the 4th quarter valued at $3,744,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Stock Down 2.3 %

NVRI opened at $10.50 on Friday. The company has a fifty day moving average price of $10.88 and a 200-day moving average price of $9.26. The firm has a market capitalization of $841.08 million, a P/E ratio of -8.90 and a beta of 2.20. 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 one year low of $5.64 and a one year high of $12.79.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm had revenue of $610.00 million during the quarter, compared to analyst estimates of $616.85 million. During the same period in the previous year, the business earned $0.01 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research 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.