Readystate Asset Management LP Acquires Shares of 82,869 Eagle Nuclear Energy Corp $NUCL

Readystate Asset Management LP bought a new position in shares of Eagle Nuclear Energy Corp (NASDAQ:NUCL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 82,869 shares of the nuclear energy company’s stock, valued at approximately $796,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at about $2,153,000. Alyeska Investment Group L.P. acquired a new position in Eagle Nuclear Energy during the second quarter worth about $3,585,000. Finally, Lineage Point Capital LP acquired a new position in Eagle Nuclear Energy during the second quarter worth about $5,752,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Eagle Nuclear Energy Price Performance

Shares of NUCL opened at $6.76 on Tuesday. Eagle Nuclear Energy Corp has a 52-week low of $4.55 and a 52-week high of $14.22. The business has a fifty day moving average of $6.95. The firm has a market cap of $199.96 million, a P/E ratio of -7.12 and a beta of 0.36.

Eagle Nuclear Energy (NASDAQ:NUCL) last announced its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter. On average, equities analysts expect that Eagle Nuclear Energy Corp will post -1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research upgraded shares of Eagle Nuclear Energy to a “hold” rating in a report on Thursday, September 3rd. HC Wainwright initiated coverage on Eagle Nuclear Energy in a report on Wednesday, September 2nd. They set a “buy” rating and a $11.50 target price on the stock. Finally, Wall Street Zen lowered Eagle Nuclear Energy from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Eagle Nuclear Energy Profile

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.