BlueCrest Capital Management Ltd Takes $2.90 Million Position in ERock, Inc. $EROC

BlueCrest Capital Management Ltd bought a new stake in shares of ERock, Inc. (NYSE:EROC) during the second quarter, Holdings Channel reports. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,900,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Capital Advisors LP acquired a new stake in ERock in the second quarter worth $710,000. Wellington Management Group LLP acquired a new position in shares of ERock during the second quarter valued at about $7,228,000. Value Aligned Research Advisors LLC acquired a new position in shares of ERock during the second quarter valued at about $19,516,000. Readystate Asset Management LP bought a new position in shares of ERock during the 2nd quarter worth about $725,000. Finally, Engineers Gate Manager LP bought a new position in shares of ERock during the 2nd quarter worth about $515,000.

ERock Stock Performance

Shares of NYSE:EROC opened at $12.67 on Thursday. The firm’s 50 day moving average is $12.48. ERock, Inc. has a 12-month low of $8.88 and a 12-month high of $20.70.

ERock (NYSE:EROC) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The company had revenue of $39.88 million during the quarter, compared to analysts’ expectations of $26.45 million. As a group, research analysts predict that ERock, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EROC. Wolfe Research assumed coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 target price for the company. Wall Street Zen upgraded ERock to a “hold” rating in a report on Saturday, June 20th. Guggenheim cut their target price on ERock from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. Bank of America raised shares of ERock from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, July 17th. Finally, Barclays started coverage on shares of ERock in a report on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ERock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

ERock Company Profile

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.