Readystate Asset Management LP Takes $796,000 Position in Eagle Nuclear Energy Corp $NUCL

Readystate Asset Management LP bought a new position in Eagle Nuclear Energy Corp (NASDAQ:NUCL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 82,869 shares of the nuclear energy company’s stock, valued at approximately $796,000. Readystate Asset Management LP owned about 0.28% of Eagle Nuclear Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lineage Point Capital LP acquired a new position in Eagle Nuclear Energy in the second quarter valued at approximately $5,752,000. Alyeska Investment Group L.P. acquired a new stake in shares of Eagle Nuclear Energy during the 2nd quarter worth approximately $3,585,000. Finally, BlackRock Inc. acquired a new stake in shares of Eagle Nuclear Energy during the 2nd quarter worth approximately $2,153,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Eagle Nuclear Energy Stock Performance

NUCL opened at $6.76 on Tuesday. Eagle Nuclear Energy Corp has a twelve month low of $4.55 and a twelve month high of $14.22. The stock’s 50-day moving average is $6.95. The firm has a market cap of $199.96 million, a P/E ratio of -7.12 and a beta of 0.36.

Eagle Nuclear Energy (NASDAQ:NUCL) last issued its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter. As a group, sell-side analysts expect that Eagle Nuclear Energy Corp will post -1.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

NUCL has been the subject of several recent research reports. Wall Street Zen lowered shares of Eagle Nuclear Energy from a “hold” rating to a “sell” rating in a report on Saturday. HC Wainwright assumed coverage on shares of Eagle Nuclear Energy in a research report on Wednesday, September 2nd. They set a “buy” rating and a $11.50 price target on the stock. Finally, Zacks Research upgraded shares of Eagle Nuclear Energy to a “hold” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.50.

About Eagle Nuclear Energy

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.