Readystate Asset Management LP Takes Position in ERock, Inc. $EROC

Readystate Asset Management LP bought a new stake in ERock, Inc. (NYSE:EROC) in the second quarter, HoldingsChannel.com reports. The fund bought 50,000 shares of the company’s stock, valued at approximately $725,000.

Other large investors also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP purchased a new stake in ERock during the second quarter valued at $710,000. Wellington Management Group LLP bought a new position in ERock during the second quarter valued at $7,228,000. Finally, Value Aligned Research Advisors LLC purchased a new position in shares of ERock in the 2nd quarter worth $19,516,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on EROC. Bank of America upgraded shares of ERock from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, July 17th. Evercore began coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $28.00 price target for the company. JPMorgan Chase & Co. began coverage on ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective on the stock. Zacks Research upgraded ERock to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings started coverage on ERock in a research note on Friday. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ERock presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

ERock Trading Down 0.6%

Shares of EROC opened at $12.26 on Tuesday. ERock, Inc. has a twelve month low of $8.88 and a twelve month high of $20.70. The company has a fifty day moving average price of $12.55.

ERock (NYSE:EROC) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25. The firm had revenue of $39.88 million for the quarter, compared to analysts’ expectations of $26.45 million. On average, equities research analysts predict that ERock, Inc. will post -0.3 earnings per share for the current year.

ERock Company Profile

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.