Goldstein Advisors LLC Sells 3,000 Shares of Enviri Co. (NYSE:NVRI)

Goldstein Advisors LLC reduced its position in Enviri Co. (NYSE:NVRI) by 19.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,483 shares of the company’s stock after selling 3,000 shares during the quarter. Goldstein Advisors LLC’s holdings in Enviri were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NVRI. Natixis Advisors LLC boosted its position in shares of Enviri by 3.4% during the second quarter. Natixis Advisors LLC now owns 31,334 shares of the company’s stock worth $270,000 after acquiring an additional 1,036 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Enviri by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 388,870 shares of the company’s stock worth $4,021,000 after acquiring an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Enviri by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 31,034 shares of the company’s stock worth $268,000 after acquiring an additional 1,273 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Enviri by 10.1% during the second quarter. Hsbc Holdings PLC now owns 15,174 shares of the company’s stock worth $130,000 after acquiring an additional 1,397 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Enviri by 37.1% during the third quarter. CWM LLC now owns 5,662 shares of the company’s stock worth $59,000 after acquiring an additional 1,532 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors.

Enviri Price Performance

NVRI stock opened at $10.02 on Friday. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $12.79. 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 company has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $9.57. The firm has a market capitalization of $802.63 million, a P/E ratio of -8.49 and a beta of 2.19.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating 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 business had revenue of $610.00 million during the quarter, compared to analyst estimates of $616.85 million. During the same quarter last year, the business earned $0.01 earnings per share. Enviri’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts anticipate 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.