Renaissance Technologies LLC Invests $714,000 in Enviri Co. (NYSE:NVRI)

Renaissance Technologies LLC bought a new stake in shares of Enviri Co. (NYSE:NVRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 82,687 shares of the company’s stock, valued at approximately $714,000. Renaissance Technologies LLC owned 0.10% of Enviri at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Enviri by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after purchasing an additional 249,181 shares in the last quarter. American Century Companies Inc. boosted its stake in Enviri by 14.8% during the second quarter. American Century Companies Inc. now owns 133,488 shares of the company’s stock valued at $1,152,000 after buying an additional 17,179 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in Enviri by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 89,587 shares of the company’s stock valued at $773,000 after buying an additional 2,505 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Enviri by 32.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 91,871 shares of the company’s stock worth $793,000 after acquiring an additional 22,540 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Enviri by 3.2% during the 2nd quarter. Victory Capital Management Inc. now owns 145,190 shares of the company’s stock worth $1,253,000 after acquiring an additional 4,513 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Stock Up 1.7 %

NYSE NVRI opened at $10.08 on Wednesday. The stock has a 50 day moving average price of $10.81 and a 200-day moving average price of $9.44. Enviri Co. has a one year low of $5.64 and a one year high of $12.79. The company has a market capitalization of $807.44 million, a P/E ratio of -8.54 and a beta of 2.19. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.00 and a current ratio of 1.32.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. As a group, equities analysts predict that Enviri Co. will post -0.02 EPS for the current fiscal 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.