The Manufacturers Life Insurance Company Grows Position in Enviri Co. (NYSE:NVRI)

The Manufacturers Life Insurance Company increased its position in shares of Enviri Co. (NYSE:NVRI) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,034 shares of the company’s stock after purchasing an additional 1,273 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enviri were worth $268,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Enviri in the 2nd quarter valued at about $26,000. CWM LLC boosted its position in 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 buying an additional 2,392 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Enviri in the 4th quarter valued at about $65,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Enviri in the 1st quarter worth approximately $70,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Enviri in the 1st quarter worth approximately $100,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Price Performance

Shares of NVRI opened at $10.46 on Friday. The company has a 50 day moving average price of $10.67 and a 200-day moving average price of $9.53. Enviri Co. has a fifty-two week low of $5.64 and a fifty-two week high of $12.79. The stock has a market capitalization of $837.88 million, a PE ratio of -8.86 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 announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $616.85 million. During the same quarter in the prior year, the company earned $0.01 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. Equities analysts predict that Enviri Co. will post -0.02 earnings per share 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.