Principal Financial Group Inc. Grows Position in Enviri Co. (NYSE:NVRI)

Principal Financial Group Inc. grew its holdings in Enviri Co. (NYSE:NVRI) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 388,552 shares of the company’s stock after acquiring an additional 10,977 shares during the period. Principal Financial Group Inc. owned about 0.48% of Enviri worth $2,992,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Creative Planning raised its position in Enviri by 36.2% during the third quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after acquiring an additional 8,242 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Enviri during the third quarter worth about $127,000. Leeward Investments LLC MA boosted its stake in Enviri by 93.5% during the third quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock worth $9,398,000 after buying an additional 439,102 shares during the period. Empowered Funds LLC boosted its stake in shares of Enviri by 5.4% in the third quarter. Empowered Funds LLC now owns 399,589 shares of the company’s stock valued at $4,132,000 after purchasing an additional 20,368 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Enviri in the third quarter valued at approximately $293,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Stock Down 2.7 %

Shares of NYSE:NVRI opened at $6.06 on Wednesday. The firm’s 50 day moving average price is $8.44 and its 200 day moving average price is $8.95. The stock has a market cap of $485.69 million, a price-to-earnings ratio of -3.81 and a beta of 2.14. Enviri Co. has a fifty-two week low of $6.03 and a fifty-two week high of $12.79. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.05. The firm had revenue of $558.71 million for the quarter, compared to analysts’ expectations of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities research analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Enviri Company 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.