Kempner Capital Management Inc. Grows Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Kempner Capital Management Inc. grew its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 59.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,000 shares of the company’s stock after purchasing an additional 65,000 shares during the quarter. Kempner Capital Management Inc. owned approximately 0.08% of Eos Energy Enterprises worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EOSE. Price T Rowe Associates Inc. MD increased its holdings in Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after acquiring an additional 18,735 shares in the last quarter. Powell Investment Advisors LLC increased its holdings in Eos Energy Enterprises by 155.6% in the 4th quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after acquiring an additional 28,000 shares in the last quarter. Elevatus Welath Management purchased a new stake in Eos Energy Enterprises in the 4th quarter worth approximately $70,000. American International Group Inc. increased its holdings in Eos Energy Enterprises by 41.2% in the 1st quarter. American International Group Inc. now owns 75,555 shares of the company’s stock worth $78,000 after acquiring an additional 22,056 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Eos Energy Enterprises by 146.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 74,387 shares of the company’s stock worth $81,000 after acquiring an additional 44,161 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE traded up $0.09 on Monday, hitting $2.02. 2,399,958 shares of the company’s stock were exchanged, compared to its average volume of 6,584,485. The business’s 50 day simple moving average is $1.57 and its two-hundred day simple moving average is $1.13. The stock has a market capitalization of $419.38 million, a price-to-earnings ratio of -1.24 and a beta of 2.37. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $4.81.

Analyst Upgrades and Downgrades

EOSE has been the subject of several analyst reports. Evercore ISI reduced their target price on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Roth Mkm restated a “buy” rating and issued a $4.50 price target on shares of Eos Energy Enterprises in a research note on Friday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $13.00 price target on shares of Eos Energy Enterprises in a research note on Wednesday, May 15th. B. Riley upgraded Eos Energy Enterprises to a “hold” rating in a report on Tuesday, June 25th. Finally, TD Cowen decreased their target price on Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.83.

Insider Activity at Eos Energy Enterprises

In other news, CEO Joe Mastrangelo acquired 52,800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the acquisition, the chief executive officer now directly owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.06% of the stock is currently owned by corporate insiders.

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.