Janus Henderson Group PLC Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Janus Henderson Group PLC bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 101,400 shares of the company's stock, valued at approximately $492,000.

Other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in 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 purchasing an additional 297,909 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Eos Energy Enterprises by 61,220.5% during the fourth quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock valued at $23,350,000 after purchasing an additional 4,796,626 shares during the period. Geode Capital Management LLC boosted its holdings in Eos Energy Enterprises by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company's stock valued at $12,205,000 after purchasing an additional 41,440 shares during the last quarter. Barings LLC increased its stake in shares of Eos Energy Enterprises by 100.5% in the fourth quarter. Barings LLC now owns 2,403,448 shares of the company's stock worth $11,681,000 after buying an additional 1,204,430 shares during the last quarter. Finally, Brightline Capital Management LLC increased its position in shares of Eos Energy Enterprises by 1.2% in the 4th 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 last quarter. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Price Performance

Shares of EOSE stock traded down $1.48 during trading hours on Thursday, hitting $4.51. 60,563,132 shares of the company's stock were exchanged, compared to its average volume of 8,017,427. Eos Energy Enterprises, Inc. has a 52 week low of $0.66 and a 52 week high of $7.36. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -1.87 and a beta of 2.11. The stock's 50-day moving average is $5.06 and its 200-day moving average is $4.60.

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

Insider Buying and Selling

In related news, CAO Sumeet Puri sold 36,173 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.86, for a total value of $248,146.78. Following the sale, the chief accounting officer now directly owns 95,624 shares in the company, valued at $655,980.64. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Michael W. Silberman sold 100,943 shares of Eos Energy Enterprises stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.86, for a total transaction of $692,468.98. Following the transaction, the general counsel now directly owns 161,404 shares in the company, valued at $1,107,231.44. The trade was a 38.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,356 shares of company stock valued at $3,844,042 over the last three months. Company insiders own 3.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on EOSE. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Guggenheim reaffirmed a "buy" rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Finally, Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.00.

About Eos Energy Enterprises

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.