Wells Fargo & Company MN cut its stake in shares of Aqua Metals Inc (NASDAQ:AQMS) by 24.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 674,954 shares of the business services provider’s stock after selling 220,821 shares during the quarter. Wells Fargo & Company MN owned approximately 3.35% of Aqua Metals worth $4,623,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC boosted its position in shares of Aqua Metals by 15.8% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,253,897 shares of the business services provider’s stock valued at $8,589,000 after acquiring an additional 171,305 shares during the last quarter. AWM Investment Company Inc. raised its holdings in Aqua Metals by 11.1% during the 2nd quarter. AWM Investment Company Inc. now owns 1,460,637 shares of the business services provider’s stock valued at $18,331,000 after buying an additional 145,480 shares during the period. Vanguard Group Inc. increased its stake in Aqua Metals by 22.4% in the second quarter. Vanguard Group Inc. now owns 630,467 shares of the business services provider’s stock worth $7,912,000 after purchasing an additional 115,233 shares during the period. Robecosam AG increased its stake in Aqua Metals by 32.0% in the second quarter. Robecosam AG now owns 424,000 shares of the business services provider’s stock worth $5,287,000 after purchasing an additional 102,900 shares during the period. Finally, Leisure Capital Management purchased a new stake in Aqua Metals in the third quarter worth $371,000. Institutional investors own 28.87% of the company’s stock.
Aqua Metals Inc (AQMS) opened at $1.94 on Friday. The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $54.00, a PE ratio of -1.50 and a beta of 1.02. Aqua Metals Inc has a 12 month low of $1.75 and a 12 month high of $22.75.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $0.59 million during the quarter, compared to the consensus estimate of $0.65 million. research analysts anticipate that Aqua Metals Inc will post -1.22 EPS for the current year.
A number of equities analysts have recently issued reports on AQMS shares. HC Wainwright reissued a “buy” rating on shares of Aqua Metals in a research report on Friday, November 10th. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $34.00 price objective on shares of Aqua Metals in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.60.
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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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