Charles Schwab Investment Management Inc. Sells 47,833 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Charles Schwab Investment Management Inc. lowered its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,278 shares of the company’s stock after selling 47,833 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Eos Energy Enterprises were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. &PARTNERS boosted its stake in shares of Eos Energy Enterprises by 27.4% during the 2nd quarter. &PARTNERS now owns 411,900 shares of the company’s stock worth $523,000 after buying an additional 88,650 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in Eos Energy Enterprises by 40.0% in the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock valued at $89,000 after purchasing an additional 20,000 shares in the last quarter. Ground Swell Capital LLC bought a new position in Eos Energy Enterprises in the second quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new position in shares of Eos Energy Enterprises during the 2nd quarter worth approximately $83,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Eos Energy Enterprises by 138,544.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company’s stock worth $171,000 after purchasing an additional 134,388 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Up 6.9 %

Shares of NASDAQ EOSE opened at $4.32 on Friday. The business’s 50 day moving average price is $3.02 and its two-hundred day moving average price is $2.32. The company has a market cap of $941.38 million, a PE ratio of -1.79 and a beta of 2.31. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $4.60.

Analyst Ratings Changes

Separately, Roth Mkm lowered their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.90.

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.