Readystate Asset Management LP Takes Position in Enviri Co. (NYSE:NVRI)

Readystate Asset Management LP purchased a new stake in shares of Enviri Co. (NYSE:NVRI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 88,028 shares of the company’s stock, valued at approximately $792,000. Readystate Asset Management LP owned 0.11% of Enviri as of its most recent filing with the Securities and Exchange Commission.

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

Enviri Stock Up 0.2 %

Shares of NVRI stock traded up $0.01 on Thursday, reaching $8.00. 398,052 shares of the company’s stock traded hands, compared to its average volume of 406,875. 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. The company has a market capitalization of $638.24 million, a P/E ratio of -7.40 and a beta of 2.10. The business’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $7.71.

Enviri (NYSE:NVRI) last issued its quarterly 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 business had revenue of $529.00 million for the quarter, compared to the consensus estimate of $493.30 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. Enviri’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that Enviri Co. will post -0.12 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.