CenterBook Partners LP purchased a new stake in ERock, Inc. (NYSE:EROC – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 255,600 shares of the company’s stock, valued at approximately $3,134,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Value Aligned Research Advisors LLC purchased a new position in ERock in the second quarter valued at about $19,516,000. Wellington Management Group LLP acquired a new position in shares of ERock during the second quarter worth about $7,228,000. BlueCrest Capital Management Ltd purchased a new stake in shares of ERock in the second quarter worth about $2,900,000. Readystate Asset Management LP purchased a new stake in shares of ERock in the second quarter worth about $725,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of ERock in the second quarter worth about $710,000.
Wall Street Analyst Weigh In
EROC has been the subject of a number of recent research reports. Guggenheim lowered their target price on ERock from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 2nd. Morgan Stanley boosted their price target on ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Bank of America raised ERock from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. decreased their price target on ERock from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Weiss Ratings began coverage on shares of ERock in a research report on Friday, September 4th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.
View Our Latest Research Report on ERock
ERock Price Performance
ERock stock opened at $7.20 on Friday. ERock, Inc. has a 12-month low of $6.41 and a 12-month high of $20.70. The stock has a market cap of $346.82 million and a P/E ratio of -120.00. The business’s fifty day moving average price is $10.96.
ERock (NYSE:EROC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25. The firm had revenue of $39.88 million during the quarter, compared to analyst estimates of $26.45 million. As a group, sell-side analysts predict that ERock, Inc. will post -0.32 earnings per share for the current year.
ERock Company Profile
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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