As Energy Recovery INC (ERII) Market Valuation Declined, Nokomis Capital LLC Has Increased Holding by $5.73 Million

March 15, 2018 - By Vivian Park

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.35, from 1 in 2017Q2. It improved, 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. Avenir reported 0.17% stake. Credit Suisse Ag owns 39,572 shares. Citigroup Incorporated reported 3,112 shares. Metropolitan Life Ny holds 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII) for 25,974 shares. Da Davidson And holds 0.01% or 87,400 shares. Glenmede Tru Na has 2,500 shares for 0% of their portfolio. Tortoise Capital Advisors Ltd Company reported 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). 292,361 are owned by Geode Cap Mgmt Ltd Llc. Balyasny Asset Management Ltd accumulated 43,850 shares. Legal & General Grp Plc invested in 11,068 shares or 0% of the stock. National Planning reported 0.03% in Energy Recovery, Inc. (NASDAQ:ERII). Us Savings Bank De has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Aqr Cap Limited Liability holds 0% in Energy Recovery, Inc. (NASDAQ:ERII) or 43,247 shares. The New York-based Intll Gru Inc has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Rhumbline Advisers has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII).

Since December 13, 2017, it had 0 insider buys, and 1 insider 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. Jefferies maintained Energy Recovery, Inc. (NASDAQ:ERII) rating on Tuesday, October 17. Jefferies has “Buy” rating and $17.0 target. The rating was initiated by Iberia Capital Partners with “Outperform” on Monday, September 26. FBR Capital maintained Energy Recovery, Inc. (NASDAQ:ERII) rating on Thursday, November 30. FBR Capital has “Buy” rating and $20.0 target. The firm has “Outperform” rating by iBERIA Capital Partners given on Monday, September 26. Jefferies upgraded Energy Recovery, Inc. (NASDAQ:ERII) rating on Tuesday, September 13. Jefferies has “Buy” rating and $20.0 target. On Friday, July 15 the stock rating was initiated by FBR Capital with “Outperform”. On Wednesday, November 8 the stock rating was maintained by FBR Capital with “Buy”. The firm earned “Buy” rating on Monday, August 28 by FBR Capital. Credit Suisse upgraded Energy Recovery, Inc. (NASDAQ:ERII) on Wednesday, October 21 to “Outperform” rating. The stock has “Hold” rating by Ardour Capital on Monday, August 10.

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