Leisure Capital Management purchased a new stake in Aqua Metals, Inc. (NASDAQ:AQMS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 54,102 shares of the business services provider’s stock, valued at approximately $371,000. Leisure Capital Management owned about 0.27% of Aqua Metals at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AQMS. Geode Capital Management LLC lifted its stake in Aqua Metals by 44.0% during the first quarter. Geode Capital Management LLC now owns 116,687 shares of the business services provider’s stock valued at $2,280,000 after buying an additional 35,646 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Aqua Metals by 17.4% in the 1st quarter. Vanguard Group Inc. now owns 515,234 shares of the business services provider’s stock valued at $10,068,000 after purchasing an additional 76,459 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Aqua Metals by 23.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,265 shares of the business services provider’s stock valued at $3,279,000 after purchasing an additional 48,949 shares during the period. Robecosam AG increased its holdings in shares of Aqua Metals by 32.0% in the 2nd quarter. Robecosam AG now owns 424,000 shares of the business services provider’s stock valued at $5,287,000 after purchasing an additional 102,900 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Aqua Metals in the 2nd quarter valued at about $251,000. 44.12% of the stock is owned by institutional investors.
A number of research firms recently commented on AQMS. HC Wainwright restated a “buy” rating and issued a $25.00 price objective on shares of Aqua Metals in a report on Monday, August 14th. Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine upgraded Aqua Metals from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 price objective on shares of Aqua Metals in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.60.
Aqua Metals, Inc. (NASDAQ AQMS) traded down $0.08 during trading hours on Friday, reaching $3.71. The company had a trading volume of 382,900 shares, compared to its average volume of 326,614. Aqua Metals, Inc. has a 12-month low of $3.53 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.68 and a current ratio of 6.97.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The business had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.65 million. sell-side analysts anticipate that Aqua Metals, Inc. will post -1.12 EPS for the current year.
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About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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