Nokomis Capital LLC Raised Energy Recovery INC (ERII) Stake by $5.73 Million; Market Value Declined

March 15, 2018 - By Ellis Scott

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.35, from 1 in 2017Q2. It is positive, as 7 investors sold ERII shares while 24 reduced holdings. 16 funds opened positions while 26 raised stakes. 15.99 million shares or 1.58% less from 16.25 million shares in 2017Q2 were reported. Ellington Management Gp Ltd Company owns 34,500 shares. Barclays Public Ltd Liability Co has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Parametric Associate Lc, Washington-based fund reported 10,202 shares. Us Bancorp De holds 700 shares or 0% of its portfolio. Wells Fargo Mn owns 31,370 shares. Neuberger Berman Grp Limited Liability stated it has 60,000 shares. Moreover, Renaissance Techs Llc has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII). Prelude Capital Mgmt Ltd invested in 69,397 shares or 0.05% of the stock. Northern Tru Corporation has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). 426,100 are held by Principal Gp. Morgan Stanley has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII). Teton owns 0.05% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 68,000 shares. 20,533 are owned by Tower Limited Liability Co (Trc). Quantbot Limited Partnership owns 1,000 shares. Ubs Asset Management Americas reported 10,060 shares.

Since December 13, 2017, it had 0 insider purchases, and 1 sale for $22,000 activity.

Brett Hendrickson increased its stake in Energy Recovery Inc (ERII) by 136.36% based on its latest 2017Q3 regulatory filing with the SEC. Nokomis Capital Llc bought 819,109 shares as the company’s stock declined 14.59% while stock markets rallied. The hedge fund run by Brett Hendrickson held 1.42M shares of the technology company at the end of 2017Q3, valued at $11.22M, up from 600,716 at the end of the previous reported quarter. Nokomis Capital Llc who had been investing in Energy Recovery Inc for a number of months, seems to be bullish on the $458.24M market cap company. The stock increased 0.47% or $0.04 during the last trading session, reaching $8.55. About 353,770 shares traded. Energy Recovery, Inc. (NASDAQ:ERII) has declined 27.39% since March 15, 2017 and is downtrending. It has underperformed by 44.09% the S&P500.

Energy Recovery, Inc. (NASDAQ:ERII) Ratings Coverage

Among 7 analysts covering Energy Recovery (NASDAQ:ERII), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Energy Recovery had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Wednesday, October 21. Iberia Capital Partners initiated Energy Recovery, Inc. (NASDAQ:ERII) rating on Monday, September 26. Iberia Capital Partners has “Outperform” rating and $21 target. The stock has “Buy” rating by FBR Capital on Monday, August 28. The rating was maintained by FBR Capital with “Buy” on Wednesday, November 8. The stock of Energy Recovery, Inc. (NASDAQ:ERII) has “Hold” rating given on Monday, August 10 by Ardour Capital. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. iBERIA Capital Partners initiated Energy Recovery, Inc. (NASDAQ:ERII) on Monday, September 26 with “Outperform” rating. FBR Capital maintained Energy Recovery, Inc. (NASDAQ:ERII) on Thursday, November 30 with “Buy” rating. The company was initiated on Friday, July 15 by FBR Capital. Jefferies upgraded the stock to “Buy” rating in Tuesday, September 13 report.

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