Paradigm Capital Management Inc. NY Purchases 132,000 Shares of Enviri Co. (NYSE:NVRI)

Paradigm Capital Management Inc. NY raised its position in shares of Enviri Co. (NYSE:NVRI) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,908,400 shares of the company’s stock after buying an additional 132,000 shares during the period. Enviri comprises 1.5% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 20th biggest position. Paradigm Capital Management Inc. NY owned about 4.88% of Enviri worth $33,729,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVRI. Innealta Capital LLC acquired a new stake in Enviri during the 2nd quarter valued at $26,000. CWM LLC increased its stake in shares of Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 2,392 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Enviri in the fourth quarter valued at about $65,000. DekaBank Deutsche Girozentrale acquired a new position in Enviri during the 1st quarter worth about $70,000. Finally, Aigen Investment Management LP bought a new stake in Enviri during the 4th quarter worth about $92,000. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 0.9 %

NVRI opened at $10.59 on Tuesday. Enviri Co. has a 1-year low of $5.64 and a 1-year high of $12.79. The firm has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $9.29. The stock has a market capitalization of $848.29 million, a PE ratio of -8.97 and a beta of 2.20. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68.

Enviri (NYSE:NVRI) last posted its quarterly earnings data 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. The firm 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%. Enviri’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, equities analysts anticipate that Enviri Co. will post -0.02 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.