Illinois Municipal Retirement Fund Invests $381,000 in Enviri Co. (NYSE:NVRI)

Illinois Municipal Retirement Fund bought a new position in shares of Enviri Co. (NYSE:NVRI) during the 4th quarter, HoldingsChannel reports. The fund bought 42,318 shares of the company’s stock, valued at approximately $381,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in shares of Enviri during the 4th quarter worth approximately $3,511,000. Legato Capital Management LLC acquired a new position in Enviri in the fourth quarter valued at approximately $1,212,000. New York State Teachers Retirement System acquired a new position in Enviri in the fourth quarter valued at approximately $1,182,000. Strs Ohio acquired a new position in Enviri in the fourth quarter valued at approximately $709,000. Finally, Venture Visionary Partners LLC acquired a new position in Enviri in the fourth quarter valued at approximately $632,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Trading Up 4.5 %

NVRI opened at $8.13 on Thursday. Enviri Co. has a one year low of $5.64 and a one year high of $10.01. The stock has a market capitalization of $649.06 million, a PE ratio of -7.53 and a beta of 2.10. The business’s 50 day moving average price is $8.28 and its 200 day moving average price is $7.79. 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 quarterly earnings data on Thursday, February 29th. The company reported ($0.07) EPS 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 for the quarter, compared to analysts’ expectations of $493.30 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Enviri Co. will post -0.13 EPS 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.