American Financial Group Inc. Has $3.30 Million Stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

American Financial Group Inc. lessened its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 65.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 679,620 shares of the company's stock after selling 1,300,000 shares during the period. Eos Energy Enterprises comprises 1.5% of American Financial Group Inc.'s holdings, making the stock its 18th biggest holding. American Financial Group Inc. owned approximately 0.31% of Eos Energy Enterprises worth $3,303,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brightline Capital Management LLC acquired a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at approximately $4,871,000. Barings LLC lifted its stake in Eos Energy Enterprises by 100.5% in the 4th quarter. Barings LLC now owns 2,403,448 shares of the company's stock valued at $11,681,000 after purchasing an additional 1,204,430 shares during the last quarter. Swiss National Bank acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $2,071,000. Geode Capital Management LLC grew its stake in shares of Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock worth $7,335,000 after buying an additional 376,494 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter worth $993,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

Shares of EOSE stock traded down $0.10 on Friday, hitting $3.94. The company had a trading volume of 3,671,720 shares, compared to its average volume of 7,385,034. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The firm has a market cap of $892.80 million, a P/E ratio of -1.63 and a beta of 2.15. The stock's 50-day moving average is $4.81 and its two-hundred day moving average is $3.91.

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Analysts Set New Price Targets

Several research firms recently weighed in on EOSE. Roth Capital downgraded Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price objective for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Finally, Guggenheim reiterated a "buy" rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.