SummerHaven Investment Management LLC Invests $682,000 in Enviri Co. (NYSE:NVRI)

SummerHaven Investment Management LLC acquired a new position in Enviri Co. (NYSE:NVRI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 75,724 shares of the company’s stock, valued at approximately $682,000.

A number of other institutional investors have also modified their holdings of NVRI. Diversified Trust Co acquired a new position in Enviri during the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Enviri during the fourth quarter worth about $125,000. Mutual of America Capital Management LLC purchased a new stake in shares of Enviri in the fourth quarter worth about $126,000. Brookstone Capital Management acquired a new stake in shares of Enviri in the fourth quarter valued at about $144,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Enviri in the fourth quarter valued at about $147,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Up 2.1 %

Enviri stock opened at $8.26 on Tuesday. Enviri Co. has a one year low of $5.64 and a one year high of $10.01. The stock’s 50 day moving average price is $8.28 and its 200 day moving average price is $7.78. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.26 and a quick ratio of 1.13.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. The business had revenue of $529.00 million during the quarter, compared to the consensus estimate of $493.30 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts forecast that Enviri Co. will post -0.13 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.