Energy Recovery, Inc. (ERII) Reaches $8.77 After 3.00% Down Move; Steelcase (SCS) Sentiment Is 1.18

May 24, 2018 - By Marie Mckinney

Steelcase Inc. (NYSE:SCS) Logo

Steelcase Inc (SCS) investors sentiment decreased to 1.18 in 2017 Q4. It’s down -0.14, from 1.32 in 2017Q3. The ratio has dropped, as 90 investment professionals opened new or increased positions, while 76 sold and reduced their equity positions in Steelcase Inc. The investment professionals in our database now have: 70.66 million shares, up from 70.58 million shares in 2017Q3. Also, the number of investment professionals holding Steelcase Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 53 Increased: 56 New Position: 34.

The stock of Energy Recovery, Inc. (NASDAQ:ERII) is a huge mover today! The stock decreased 2.45% or $0.22 during the last trading session, reaching $8.77. About 165,555 shares traded. Energy Recovery, Inc. (NASDAQ:ERII) has risen 10.87% since May 24, 2017 and is uptrending. It has underperformed by 0.68% the S&P500.The move comes after 7 months negative chart setup for the $469.23M company. It was reported on May, 24 by Barchart.com. We have $8.51 PT which if reached, will make NASDAQ:ERII worth $14.08M less.

Spitfire Capital Llc holds 2.61% of its portfolio in Steelcase Inc. for 387,741 shares. Walthausen & Co. Llc owns 1.14 million shares or 1.64% of their US portfolio. Moreover, Tieton Capital Management Llc has 1.49% invested in the company for 114,160 shares. The New Jersey-based Seabridge Investment Advisors Llc has invested 1.27% in the stock. Cooke & Bieler Lp, a Pennsylvania-based fund reported 4.26 million shares.

It closed at $14.15 lastly. It is down 19.53% since May 24, 2017 and is downtrending. It has underperformed by 31.08% the S&P500.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.65 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 20.87 P/E ratio. The Company’s furniture systems portfolio comprises panel and freestanding furniture systems, storage, desks, benches, tables, and complementary products, such as worktools.

Analysts await Steelcase Inc. (NYSE:SCS) to report earnings on June, 20. They expect $0.15 EPS, 0.00% or $0.00 from last year’s $0.15 per share. SCS’s profit will be $17.50M for 23.58 P/E if the $0.15 EPS becomes a reality. After $0.24 actual EPS reported by Steelcase Inc. for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 4 selling transactions for $453,842 activity.

Among 7 analysts covering Energy Recovery (NASDAQ:ERII), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Energy Recovery had 16 analyst reports since August 7, 2015 according to SRatingsIntel. iBERIA Capital Partners initiated the shares of ERII in report on Monday, September 26 with “Outperform” rating. The rating was upgraded by Jefferies on Tuesday, September 13 to “Buy”. The stock of Energy Recovery, Inc. (NASDAQ:ERII) has “Hold” rating given on Monday, August 10 by Ardour Capital. The firm earned “Buy” rating on Tuesday, March 27 by FBR Capital. On Monday, September 26 the stock rating was initiated by Iberia Capital Partners with “Outperform”. FBR Capital maintained Energy Recovery, Inc. (NASDAQ:ERII) rating on Wednesday, November 8. FBR Capital has “Buy” rating and $20.0 target. The firm earned “Buy” rating on Tuesday, October 17 by Jefferies. The stock of Energy Recovery, Inc. (NASDAQ:ERII) has “Buy” rating given on Monday, August 28 by FBR Capital. FBR Capital initiated the shares of ERII in report on Friday, July 15 with “Outperform” rating. As per Wednesday, October 21, the company rating was upgraded by Credit Suisse.

Investors sentiment increased to 1.69 in Q4 2017. Its up 0.34, from 1.35 in 2017Q3. It improved, as 12 investors sold Energy Recovery, Inc. shares while 20 reduced holdings. 23 funds opened positions while 31 raised stakes. 17.30 million shares or 8.20% more from 15.99 million shares in 2017Q3 were reported. Glenmede Trust Com Na has 0% invested in Energy Recovery, Inc. (NASDAQ:ERII) for 2,500 shares. Price T Rowe Associates Incorporated Md has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Avenir Corp invested in 285,550 shares or 0.23% of the stock. Prelude Ltd Liability Company has invested 0.05% in Energy Recovery, Inc. (NASDAQ:ERII). Deutsche Natl Bank Ag holds 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII) for 79,570 shares. One Trading L P holds 127,137 shares or 0.01% of its portfolio. Essex Communications Ltd Limited Liability Company reported 303,544 shares. Lpl Ltd Liability Co holds 0% or 17,762 shares in its portfolio. Invesco Limited has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Tortoise Advisors Ltd Liability Corporation stated it has 72 shares. Cambridge Investment Advsr has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.14% in Energy Recovery, Inc. (NASDAQ:ERII). Carroll Associate Inc invested 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). Tower Research Capital Ltd Liability Co (Trc) holds 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII) for 623 shares. Fuller & Thaler Asset Mngmt reported 297,604 shares.

Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen names worldwide. The company has market cap of $469.23 million. The firm operates through Water and Oil & Gas divisions. It has a 43.42 P/E ratio. It offers pressure exchanger energy recovery devices and turbocharger technologies for water desalination and gas and oil; AT turbochargers for low-pressure brackish, and high-pressure seawater reverse osmosis systems; and high-performance, high-efficiency, high-pressure, and circulation booster pumps.

Since December 13, 2017, it had 0 buys, and 2 sales for $450,300 activity. Another trade for 50,000 shares valued at $428,300 was made by Hanstveit Arve on Monday, March 12. SMITH LENOX SHARON E sold $22,000 worth of Energy Recovery, Inc. (NASDAQ:ERII) on Wednesday, December 13.

More recent Energy Recovery, Inc. (NASDAQ:ERII) news were published by: Seekingalpha.com which released: “Don’t Expect A Recovery From Energy Recovery” on May 22, 2018. Also Seekingalpha.com published the news titled: “Energy Recovery’s (ERII) CEO Chris Gannon on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Nasdaq.com‘s news article titled: “Analysis: Positioning to Benefit within Advaxis, elf Beauty, Heron Therapeutics, PVH, Energy Recovery, and AO Smith …” with publication date: May 14, 2018 was also an interesting one.

Analysts await Energy Recovery, Inc. (NASDAQ:ERII) to report earnings on August, 1. They expect $0.14 EPS, up 1,500.00% or $0.15 from last year’s $-0.01 per share. ERII’s profit will be $7.49M for 15.66 P/E if the $0.14 EPS becomes a reality. After $0.01 actual EPS reported by Energy Recovery, Inc. for the previous quarter, Wall Street now forecasts 1,300.00% EPS growth.

Energy Recovery, Inc. (NASDAQ:ERII) Institutional Positions Chart

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