Louisiana State Employees Retirement System Decreases Holdings in Enviri Co. (NYSE:NVRI)

Louisiana State Employees Retirement System decreased its position in shares of Enviri Co. (NYSE:NVRI) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,700 shares of the company’s stock after selling 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Enviri were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVRI. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of 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 last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 249,181 shares during the period. Paradigm Capital Management Inc. NY increased its stake in Enviri by 3.5% in the 2nd 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. D. E. Shaw & Co. Inc. increased its stake in shares of Enviri by 11.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after buying an additional 383,395 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Enviri by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock valued at $5,617,000 after buying an additional 15,084 shares during the period. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NVRI opened at $7.57 on Thursday. The stock has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $9.58. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $12.79. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 2.72.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $573.60 million during the quarter, compared to analysts’ expectations of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. Equities research analysts expect that Enviri Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their target price on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, November 1st.

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.