Geode Capital Management LLC raised its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 44.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,687 shares of the business services provider’s stock after buying an additional 35,646 shares during the period. Geode Capital Management LLC’s holdings in Aqua Metals were worth $2,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AQMS. Wells Fargo & Company MN raised its position in Aqua Metals by 7,830.7% in the first quarter. Wells Fargo & Company MN now owns 659,355 shares of the business services provider’s stock valued at $12,884,000 after buying an additional 651,041 shares during the last quarter. Bank of New York Mellon Corp raised its position in Aqua Metals by 519.4% in the first quarter. Bank of New York Mellon Corp now owns 212,316 shares of the business services provider’s stock valued at $4,149,000 after buying an additional 178,037 shares during the last quarter. Doheny Asset Management CA raised its position in Aqua Metals by 26.2% in the first quarter. Doheny Asset Management CA now owns 789,425 shares of the business services provider’s stock valued at $15,425,000 after buying an additional 163,725 shares during the last quarter. EAM Investors LLC raised its position in Aqua Metals by 111.0% in the first quarter. EAM Investors LLC now owns 212,607 shares of the business services provider’s stock valued at $4,154,000 after buying an additional 111,852 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Aqua Metals by 17.4% in the first quarter. Vanguard Group Inc. now owns 515,234 shares of the business services provider’s stock valued at $10,068,000 after buying an additional 76,459 shares during the last quarter. 45.80% of the stock is owned by institutional investors and hedge funds.

Aqua Metals, Inc. (NASDAQ:AQMS) traded up 0.53% on Friday, hitting $7.59. 54,073 shares of the stock traded hands. Aqua Metals, Inc. has a 12-month low of $6.83 and a 12-month high of $22.75. The stock’s market cap is $153.05 million. The firm’s 50-day moving average price is $10.41 and its 200-day moving average price is $14.13.

Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.10. The firm had revenue of $0.60 million during the quarter, compared to analyst estimates of $1.23 million. On average, equities research analysts anticipate that Aqua Metals, Inc. will post ($0.83) EPS for the current fiscal year.

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AQMS has been the subject of several recent research reports. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Saturday, May 20th. HC Wainwright initiated coverage on shares of Aqua Metals in a research note on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Rodman & Renshaw initiated coverage on shares of Aqua Metals in a research note on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Aqua Metals currently has an average rating of “Buy” and a consensus target price of $26.33.

Aqua Metals Company 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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