American Financial Group Inc. Cuts Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

American Financial Group Inc. cut its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 65.7% during the fourth quarter, Holdings Channel reports. The firm owned 679,620 shares of the company’s stock after selling 1,300,000 shares during the period. Eos Energy Enterprises makes up approximately 1.5% of American Financial Group Inc.’s portfolio, making the stock its 18th largest position. American Financial Group Inc.’s holdings in Eos Energy Enterprises were worth $3,303,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at about $29,000. R Squared Ltd purchased a new stake in Eos Energy Enterprises in the 4th quarter valued at $31,000. Carmel Capital Partners LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at about $49,000. Lake Street Private Wealth LLC purchased a new stake in Eos Energy Enterprises in the fourth quarter valued at $51,000. Finally, WESPAC Advisors LLC acquired a new stake in shares of Eos Energy Enterprises during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

NASDAQ EOSE opened at $4.39 on Monday. The business’s 50-day simple moving average is $4.93 and its 200-day simple moving average is $3.86. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $6.64. The firm has a market capitalization of $994.77 million, a P/E ratio of -1.82 and a beta of 2.15.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Finally, Cowen reaffirmed a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.70.

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.