Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of EnerNOC Inc. (NASDAQ:ENOC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,510 shares of the company’s stock, valued at approximately $136,000. Los Angeles Capital Management & Equity Research Inc. owned about 0.07% of EnerNOC as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of EnerNOC during the second quarter worth $103,000. Smith Asset Management Group LP raised its stake in shares of EnerNOC by 69.5% in the second quarter. Smith Asset Management Group LP now owns 19,510 shares of the company’s stock worth $123,000 after buying an additional 8,000 shares during the period. Menta Capital LLC raised its stake in shares of EnerNOC by 25.3% in the first quarter. Menta Capital LLC now owns 29,200 shares of the company’s stock worth $218,000 after buying an additional 5,900 shares during the period. Airain ltd acquired a new stake in shares of EnerNOC during the second quarter worth $210,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of EnerNOC during the second quarter worth $360,000. Institutional investors own 49.14% of the company’s stock.
EnerNOC Inc. (NASDAQ:ENOC) traded down 1.11% during trading on Monday, hitting $5.35. The stock had a trading volume of 26,147 shares. The company has a 50-day moving average of $5.58 and a 200 day moving average of $6.58. EnerNOC Inc. has a 52 week low of $2.92 and a 52 week high of $9.79. The company’s market cap is $155.05 million.
A number of brokerages have recently weighed in on ENOC. Needham & Company LLC restated a “buy” rating on shares of EnerNOC in a research note on Sunday, June 26th. Zacks Investment Research lowered EnerNOC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Canaccord Genuity restated a “hold” rating and issued a $8.50 target price on shares of EnerNOC in a research note on Friday, June 24th. Finally, Credit Suisse Group AG lowered EnerNOC from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.00 in a research note on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.21.
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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