Arizona State Retirement System invests $201,000 in Enviri Co. (NYSE:NVRI)

Arizona State Retirement System acquired a new stake in Enviri Co. in the fourth quarter. (NYSE:NVRI – Free Report), according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,296 shares of the company, worth approximately $201,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co bought a new stake in Enviri in the fourth quarter worth about $104,000. Brookstone Capital Management bought a new stake in Enviri in the fourth quarter worth about $144,000. The State of Alaska Department of Revenue purchased a new stake in Enviri in the fourth quarter worth approximately $442,000. DB Root & Company LLC bought a new stake in Enviri in the fourth quarter valued at approximately $477,000. Finally, Legato Capital Management LLC purchased a new stake in Enviri in the fourth quarter valued at approximately $1,212,000. 93.43% of the shares are held by institutional investors.

Enviri shares rise 2.6%

Enviri shares opened at $8.20 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.44. The company has a market cap of $654.61 million, a price-to-earnings ratio of -7.59 and a beta of 2.10. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The company has a 50-day moving average of $8.28 and a 200-day moving average of $7.73.

Enviri (NYSE:NVRI – Get Free Report) last posted 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. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $493.30 million. Enviri had a negative return on equity of 1.99% and a negative net margin of 4.16%. The company’s revenue increased by 13.0% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.01. On average, sell-side analysts predict that Enviri Co. will post a profit per share of -0.12 for the current financial year.

Enviri company profile

(Free report)

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 provides on-site services under long-term contracts for materials logistics, product quality improvement and resource recovery for iron, steel and metals production; produces and sells industrial abrasives, roofing granules, aluminum slag and scrap processing systems; and smelter and furnace services, such as cleaning the bottom of ships, removing ladle slag and general smelter waste.

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Would you like to see which other hedge funds own NVRI? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Enviri Co. (NYSE:NVRI – Free Report).

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