Renaissance Technologies LLC Boosts Stock Position in Terrestrial Energy Inc. $IMSR

Key Points

• Renaissance Technologies increased its Terrestrial Energy stake by 136.1% in the first quarter, adding 235,100 shares to own 407,900 shares valued at approximately $2.45 million.
• Other institutions, including Bank of New York Mellon, Swiss National Bank, and Yorkville Advisors Global, also initiated positions in the company during the quarter.
• Terrestrial Energy has a consensus rating of “Hold” and a $13.50 target price, while shares recently opened at $5.45. The company reported a quarterly loss of $0.50 per share and has a market capitalization of about $577 million.

Renaissance Technologies LLC increased its holdings in Terrestrial Energy Inc. (NASDAQ:IMSR - Free Report) by 136.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 407,900 shares of the company's stock after purchasing an additional 235,100 shares during the period. Renaissance Technologies LLC owned approximately 0.39% of Terrestrial Energy worth $2,449,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Terrestrial Energy in the 1st quarter worth about $102,000. Swiss National Bank purchased a new position in Terrestrial Energy in the first quarter worth about $340,000. Finally, Yorkville Advisors Global LP bought a new stake in Terrestrial Energy during the first quarter worth approximately $733,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Terrestrial Energy in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.50.

Terrestrial Energy Price Performance

Terrestrial Energy stock opened at $5.45 on Tuesday. The firm has a market capitalization of $577.32 million, a P/E ratio of -54.50 and a beta of 2.39. Terrestrial Energy Inc. has a 1-year low of $4.38 and a 1-year high of $31.50. The company's 50-day moving average is $6.39 and its 200 day moving average is $7.05.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last released its earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. Research analysts anticipate that Terrestrial Energy Inc. will post -0.46 earnings per share for the current fiscal year.

About Terrestrial Energy

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.

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