Energy Recovery (ERII) has received an updated average one-year price target of $18.60 per share, a 10.55% increase from the prior estimate and representing a 27.87% upside from its current closing price, supported by a bullish put/call ratio of 0.51. Despite an increase in the number of institutional funds holding ERII and a rise in their average portfolio weight, total institutional shares owned decreased by 2.28% over the last quarter, with several major holders reducing their positions.
The average one-year price target for Energy Recovery (ERII) has been revised upwards to $18.60 per share, marking a 10.55% increase from the prior estimate of $16.83. This new target implies a substantial 27.87% upside from the latest closing price of $14.55, supported by a bullish put/call ratio of 0.51. Despite this positive analyst outlook, institutional ownership trends present a mixed signal. While the number of funds reporting positions in ERII increased by 3.23% (12 owners) and the average portfolio weight dedicated to ERII rose by 10.08%, total shares owned by institutions collectively decreased by 2.28% over the last quarter to 50,842K shares. Several major institutional holders reduced their stakes, including Ameriprise Financial, which decreased its ERII shares by 8.75% and its portfolio allocation by 81.02%. FIL also reduced its shares by 6.81% and portfolio allocation by 43.01%, while iShares Russell 2000 ETF cut its shares by 12.32%. Brown Capital Management notably decreased its share count by 54.67% but increased its portfolio allocation in ERII by 10.54%, indicating a rebalancing within a smaller overall position.
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mixed
Sentiment Score
0.15
Ticker Sentiment
