Aqua Metals Inc (AQMS) Stake Owned by Philotimo Fund, LP

Philotimo Fund, LP

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disclosed that they own 7.9% of Aqua Metals Inc (NASDAQ:AQMS) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, March 23rd. The investor owns 2,276,548 shares of the stock worth approximately $5,509,246. The reporting parties listed on the disclosure included Philotimo Fund, LP, Kanen Wealth Management, LLC, David L Kanen, Anthony Ambrose, Alan B Howe, Padnos and Jeffrey S Padnos. The filing is available through the SEC website at this link.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Aqua Metals by 47.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after acquiring an additional 4,499 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Aqua Metals by 18.5% during the 2nd quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock worth $369,000 after acquiring an additional 4,600 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Aqua Metals during the 3rd quarter worth about $215,000. Millennium Management LLC bought a new position in Aqua Metals during the 4th quarter valued at about $155,000. Finally, Northern Trust Corp lifted its holdings in Aqua Metals by 25.2% during the 2nd quarter. Northern Trust Corp now owns 182,924 shares of the business services provider’s stock valued at $2,296,000 after purchasing an additional 36,803 shares during the last quarter. 36.63% of the stock is owned by institutional investors.

Shares of Aqua Metals Inc (AQMS) traded down $0.19 during mid-day trading on Friday, reaching $2.42. 614,635 shares of the company traded hands, compared to its average volume of 956,201. Aqua Metals Inc has a 12-month low of $1.42 and a 12-month high of $20.72. The company has a market cap of $78.62, a P/E ratio of -1.85 and a beta of 0.18. The company has a quick ratio of 6.38, a current ratio of 6.70 and a debt-to-equity ratio of 0.17.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings results on Thursday, March 15th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.10). The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $1.27 million. equities research analysts predict that Aqua Metals Inc will post -0.61 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. HC Wainwright set a $9.00 price target on shares of Aqua Metals and gave the company a “buy” rating in a report on Friday, March 16th. National Securities reissued a “buy” rating and set a $15.00 price target on shares of Aqua Metals in a report on Friday, March 16th. Zacks Investment Research downgraded shares of Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Eurobank EFG cut their price target on shares of Aqua Metals from $17.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Finally, EuroPacific Canada reissued a “buy” rating and set a $12.00 price target (down from $17.00) on shares of Aqua Metals in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.83.

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Aqua Metals Profile

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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Institutional Ownership by Quarter for Aqua Metals (NASDAQ:AQMS)

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