Tensile Capital Management buys $2,361,828 stake in EnerNOC (ENOC)

EnerNOC (ENOC) : Tensile Capital Management scooped up 25,451 additional shares in EnerNOC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 409,329 shares of EnerNOC which is valued at $2,361,828.EnerNOC makes up approximately 0.61% of Tensile Capital Management’s portfolio.

Other Hedge Funds, Including , Boothbay Fund Management added ENOC to its portfolio by purchasing 65,274 company shares during the most recent quarter which is valued at $376,631. EnerNOC makes up approx 0.16% of Boothbay Fund Management’s portfolio.Rhumbline Advisers reduced its stake in ENOC by selling 11,192 shares or 26.37% in the most recent quarter. The Hedge Fund company now holds 31,246 shares of ENOC which is valued at $180,289.Blackrock Fund Advisors boosted its stake in ENOC in the latest quarter, The investment management firm added 15,129 additional shares and now holds a total of 694,774 shares of EnerNOC which is valued at $4,008,846. Acadian Asset Management added ENOC to its portfolio by purchasing 56,899 company shares during the most recent quarter which is valued at $402,845. Barrett Asset Management added ENOC to its portfolio by purchasing 539 company shares during the most recent quarter which is valued at $3,816.

EnerNOC opened for trading at $5.67 and hit $5.86 on the upside on Wednesday, eventually ending the session at $5.8, with a gain of 1.75% or 0.1 points. The heightened volatility saw the trading volume jump to 123,550 shares. Company has a market cap of $181 M.

On the company’s financial health, EnerNOC reported $-1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-1.39. The company had revenue of $53.38 million for the quarter, compared to analysts expectations of $49.23 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.41 EPS.

Many Wall Street Analysts have commented on EnerNOC. EnerNOC was Downgraded by Credit Suisse to ” Neutral” on Aug 2, 2016.

EnerNOC Inc. is a provider of cloud-based energy intelligence software (EIS) and services to enterprise customers and utilities globally. The Company’s EIS solutions for enterprise customers improve energy productivity by optimizing how they buy how much they use and when they use energy. Its EIS is a decision support system for the enterprise featuring: budgeting and procurement including an online auction platform and utility bill management; facility optimization; visibility and reporting including capabilities for GRESB ENERGY STAR and other reporting standards; project tracking; demand management; and demand response. The Company offers its EIS and related solutions to enterprise customers at four subscription levels: basic standard professional and industrial.

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