Sqn Investors Lp buys $16,707,226 stake in EnerNOC (ENOC)

EnerNOC (ENOC) : Sqn Investors Lp scooped up 259,710 additional shares in EnerNOC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,761,525 shares of EnerNOC which is valued at $16,707,226.EnerNOC makes up approximately 11.93% of Sqn Investors Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ENOC in the latest quarter, The investment management firm added 47,841 additional shares and now holds a total of 1,184,805 shares of EnerNOC which is valued at $7,168,070. Citadel Advisors added ENOC to its portfolio by purchasing 10,976 company shares during the most recent quarter which is valued at $64,210.Blackrock Institutional Trust Company N.a. boosted its stake in ENOC in the latest quarter, The investment management firm added 593 additional shares and now holds a total of 686,083 shares of EnerNOC which is valued at $4,219,410.Blackrock Advisors boosted its stake in ENOC in the latest quarter, The investment management firm added 2,205 additional shares and now holds a total of 14,613 shares of EnerNOC which is valued at $89,870. Summit Securities Group added ENOC to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $123,000. EnerNOC makes up approx 0.06% of Summit Securities Group’s portfolio.

EnerNOC opened for trading at $6 and hit $6.2 on the upside on Monday, eventually ending the session at $6.15, with a gain of 3.36% or 0.2 points. The heightened volatility saw the trading volume jump to 2,09,758 shares. Company has a market cap of $190 M.

On the company’s financial health, EnerNOC reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.29. The company had revenue of $167.78 million for the quarter, compared to analysts expectations of $148.49 million. The company’s revenue was down -22.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

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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