Legal & General Group Plc Has $23.35 Million Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Legal & General Group Plc grew its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 61,220.5% during the 4th quarter, Holdings Channel reports. The firm owned 4,804,461 shares of the company’s stock after purchasing an additional 4,796,626 shares during the period. Legal & General Group Plc’s holdings in Eos Energy Enterprises were worth $23,350,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. R Squared Ltd bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth $31,000. Carmel Capital Partners LLC bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth $49,000. Lake Street Private Wealth LLC acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Eos Energy Enterprises in the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 9.3 %

NASDAQ EOSE opened at $4.23 on Monday. The firm’s 50 day moving average is $4.32 and its 200-day moving average is $4.02. The company has a market capitalization of $958.51 million, a PE ratio of -1.76 and a beta of 2.17. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $6.64.

Analyst Ratings Changes

A number of equities analysts have issued reports on EOSE shares. Guggenheim restated a “buy” rating and set a $7.00 target price on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.70.

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.