Canal Insurance CO Has $356,000 Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Canal Insurance CO lifted its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 20.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 120,000 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Canal Insurance CO owned about 0.06% of Eos Energy Enterprises worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Eos Energy Enterprises by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock valued at $9,657,000 after acquiring an additional 580,022 shares in the last quarter. Millennium Management LLC boosted its holdings in Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock worth $4,018,000 after acquiring an additional 3,109,880 shares in the last quarter. NewEdge Advisors LLC grew its position in Eos Energy Enterprises by 30.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after purchasing an additional 600,143 shares during the period. &PARTNERS increased its position in shares of Eos Energy Enterprises by 27.4% during the second quarter. &PARTNERS now owns 411,900 shares of the company’s stock worth $523,000 after acquiring an additional 88,650 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock valued at $284,000 after buying an additional 249,265 shares during the last quarter. Institutional investors own 54.87% of the company’s stock.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises 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 owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joe Mastrangelo purchased 52,800 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $1.43 per share, with a total value of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued 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 five have given a buy rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises presently has an average rating of “Moderate Buy” and an average target price of $3.67.

Eos Energy Enterprises Stock Down 12.3 %

Shares of NASDAQ:EOSE opened at $2.79 on Wednesday. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $3.66. The firm has a 50 day moving average of $2.84 and a 200 day moving average of $1.83. The company has a market capitalization of $604.62 million, a price-to-earnings ratio of -4.61 and a beta of 2.38.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million during the quarter, compared to the consensus estimate of $4.38 million. On average, sell-side analysts expect that Eos Energy Enterprises, Inc. will post -0.78 EPS for the current year.

Eos Energy Enterprises 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.