Stifel Financial Corp Sells 263,412 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Stifel Financial Corp trimmed its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,680,169 shares of the company’s stock after selling 263,412 shares during the period. Stifel Financial Corp’s holdings in Eos Energy Enterprises were worth $13,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hollencrest Capital Management grew its position in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares in the last quarter. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth about $32,000. Ground Swell Capital LLC purchased a new position in Eos Energy Enterprises during the 2nd quarter valued at about $34,000. Scientech Research LLC bought a new stake in shares of Eos Energy Enterprises during the second quarter valued at about $36,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after buying an additional 18,735 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

Insider Transactions at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the transaction, the director now directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 26.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Eos Energy Enterprises Price Performance

EOSE stock opened at $3.07 on Wednesday. The firm has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $2.17. The stock has a market cap of $668.99 million, a PE ratio of -1.38 and a beta of 2.31. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $3.66.

Analyst Ratings Changes

EOSE has been the subject of several recent analyst reports. Roth Mkm reduced their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.90.

Eos Energy Enterprises Company 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.