Alyeska Investment Group L.P. Has $7.92 Million Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Alyeska Investment Group L.P. boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 714.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,628,500 shares of the company's stock after purchasing an additional 1,428,500 shares during the quarter. Alyeska Investment Group L.P. owned 0.75% of Eos Energy Enterprises worth $7,915,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Eos Energy Enterprises by 6.4% in the fourth quarter. Stifel Financial Corp now owns 4,978,078 shares of the company's stock valued at $24,193,000 after buying an additional 297,909 shares during the period. Legal & General Group Plc lifted its position in shares of Eos Energy Enterprises by 61,220.5% during the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock valued at $23,350,000 after acquiring an additional 4,796,626 shares during the period. Geode Capital Management LLC grew its holdings in shares of Eos Energy Enterprises by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company's stock worth $12,205,000 after purchasing an additional 41,440 shares in the last quarter. Barings LLC raised its stake in Eos Energy Enterprises by 100.5% in the fourth quarter. Barings LLC now owns 2,403,448 shares of the company's stock valued at $11,681,000 after purchasing an additional 1,204,430 shares in the last quarter. Finally, Brightline Capital Management LLC lifted its position in Eos Energy Enterprises by 1.2% during the fourth quarter. Brightline Capital Management LLC now owns 1,659,000 shares of the company's stock worth $8,063,000 after purchasing an additional 19,000 shares during the period. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

Shares of EOSE traded up $0.21 during trading hours on Friday, reaching $6.21. The stock had a trading volume of 7,095,794 shares, compared to its average volume of 7,624,520. Eos Energy Enterprises, Inc. has a 12 month low of $0.66 and a 12 month high of $6.89. The stock has a market capitalization of $1.41 billion, a PE ratio of -2.58 and a beta of 2.11. The company's 50-day moving average is $4.50 and its two-hundred day moving average is $4.30.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The business had revenue of $10.46 million during the quarter, compared to analysts' expectations of $11.77 million. Equities analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on EOSE shares. Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Finally, Guggenheim reissued a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $4.70.

Eos Energy Enterprises Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.