AQR Capital Management LLC Boosts Stock Position in Enviri Co. (NYSE:NVRI)

AQR Capital Management LLC raised its stake in Enviri Co. (NYSE:NVRI) by 943.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,859 shares of the company’s stock after acquiring an additional 127,357 shares during the quarter. AQR Capital Management LLC owned approximately 0.18% of Enviri worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Enviri in the 2nd quarter valued at approximately $26,000. CWM LLC raised its holdings in shares of Enviri by 137.6% in the 2nd quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after acquiring an additional 2,392 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Enviri during the 4th quarter valued at about $65,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Enviri during the first quarter worth about $70,000. Finally, SG Americas Securities LLC bought a new stake in shares of Enviri during the 1st quarter worth $100,000. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 3.7 %

Shares of NVRI stock opened at $10.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The firm has a market cap of $848.36 million, a P/E ratio of -8.75 and a beta of 2.19. The business has a 50-day moving average price of $10.71 and a two-hundred day moving average price of $9.47. Enviri Co. has a 12-month low of $5.64 and a 12-month high of $12.79.

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