NJ State Employees Deferred Compensation Plan Takes Position in Enviri Co. (NYSE:NVRI)

NJ State Employees Deferred Compensation Plan bought a new stake in Enviri Co. (NYSE:NVRI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also modified their holdings of the company. Diversified Trust Co acquired a new stake in shares of Enviri in the fourth quarter valued at $104,000. Brookstone Capital Management acquired a new position in shares of Enviri during the 4th quarter worth approximately $144,000. Legato Capital Management LLC acquired a new position in shares of Enviri during the 4th quarter worth approximately $1,212,000. D.B. Root & Company LLC bought a new position in shares of Enviri during the 4th quarter worth approximately $477,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Enviri during the 4th quarter worth approximately $442,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Stock Up 0.5 %

Shares of NYSE NVRI traded up $0.04 during midday trading on Friday, hitting $8.09. 226,519 shares of the company’s stock were exchanged, compared to its average volume of 400,396. The company’s 50 day moving average price is $8.27 and its 200 day moving average price is $7.75. Enviri Co. has a 12 month low of $5.64 and a 12 month high of $10.01. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.13 and a current ratio of 1.26.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Enviri had a negative return on equity of 1.99% and a negative net margin of 4.16%. The firm 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 company posted $0.01 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that Enviri Co. will post -0.13 earnings per share for the current 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.