Nokomis Capital LLC Holds Stake in Energy Recovery INC (ERII)

March 15, 2018 - By Lynda A. Deweese

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. Monroe Fincl Bank And Tru Mi has 0.02% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 5,000 shares. Tortoise Advisors Ltd Liability reported 72 shares. Boothbay Fund Ltd Limited Liability Company has invested 0.02% in Energy Recovery, Inc. (NASDAQ:ERII). Heartland Advsrs Inc, a Wisconsin-based fund reported 850,000 shares. Parametric Port Associates Limited reported 10,202 shares. Quantbot LP holds 0% or 1,000 shares in its portfolio. Caprock Grp reported 21,564 shares stake. Principal reported 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). Prelude Capital Mgmt Ltd Liability Corp stated it has 0.05% in Energy Recovery, Inc. (NASDAQ:ERII). Comml Bank Of Mellon Corporation holds 0% or 121,127 shares. 86,577 are held by Barclays Public Ltd Company. Jpmorgan Chase And has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 177,912 shares. 16,443 are owned by Gsa Ltd Liability Partnership. Great West Life Assurance Can holds 3,800 shares or 0% of its portfolio. Teton Advsr holds 68,000 shares.

Since December 13, 2017, it had 0 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 1.42 million 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 $458.24 million 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. On Monday, September 26 the stock rating was initiated by iBERIA Capital Partners with “Outperform”. The rating was initiated by FBR Capital with “Outperform” on Friday, July 15. Credit Suisse upgraded the shares of ERII in report on Wednesday, October 21 to “Outperform” rating. FBR Capital maintained the stock with “Buy” rating in Thursday, November 30 report. The rating was maintained by Jefferies on Tuesday, October 17 with “Buy”. The rating was upgraded by Jefferies on Tuesday, September 13 to “Buy”. The stock of Energy Recovery, Inc. (NASDAQ:ERII) earned “Outperform” rating by Iberia Capital Partners on Monday, September 26. The firm has “Buy” rating given on Monday, August 28 by FBR Capital. The company was upgraded on Monday, August 10 by Ardour Capital. FBR Capital maintained it with “Buy” rating and $20.0 target in Wednesday, November 8 report.

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