Thrivent Financial for Lutherans Sells 2,761 Shares of Enviri Co. (NYSE:NVRI)

Thrivent Financial for Lutherans decreased its holdings in shares of Enviri Co. (NYSE:NVRI) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,497 shares of the company’s stock after selling 2,761 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Enviri worth $574,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Enviri by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock worth $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Enviri by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock worth $5,617,000 after purchasing an additional 15,084 shares in the last quarter. Leeward Investments LLC MA grew its holdings in shares of Enviri by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 469,810 shares of the company’s stock valued at $4,054,000 after buying an additional 24,852 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Enviri by 6.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock valued at $3,797,000 after buying an additional 26,129 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in shares of Enviri by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 338,493 shares of the company’s stock valued at $3,097,000 after buying an additional 5,230 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Stock Performance

NVRI stock opened at $10.08 on Wednesday. Enviri Co. has a 1-year low of $5.64 and a 1-year high of $12.79. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The firm has a market cap of $807.44 million, a PE ratio of -8.54 and a beta of 2.19. The business’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $9.44.

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

Enviri Profile

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.