Goldstein Advisors LLC Decreases Stock Holdings in Enviri Co. (NYSE:NVRI)

Goldstein Advisors LLC decreased its position in Enviri Co. (NYSE:NVRI) by 19.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NVRI. GSA Capital Partners LLP bought a new stake in shares of Enviri during the 1st quarter valued at about $892,000. Paradigm Capital Management Inc. NY boosted its stake in Enviri by 3.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock worth $33,729,000 after acquiring an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Enviri by 11.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after acquiring an additional 383,395 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Enviri by 6.3% during the second quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after acquiring an additional 26,129 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Enviri during the second quarter worth about $1,124,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Trading Up 0.7 %

NYSE:NVRI opened at $10.02 on Friday. Enviri Co. has a one year low of $5.64 and a one year high of $12.79. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.32 and a quick ratio of 1.00. The company’s 50-day simple moving average is $10.57 and its 200 day simple moving average is $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 issued its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business 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%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. As a group, analysts forecast 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.