Lineage Point Capital LP Buys Shares of 598,533 Eagle Nuclear Energy Corp $NUCL

Lineage Point Capital LP purchased a new stake in shares of Eagle Nuclear Energy Corp (NASDAQ:NUCL) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 598,533 shares of the nuclear energy company’s stock, valued at approximately $5,752,000. Eagle Nuclear Energy comprises 1.2% of Lineage Point Capital LP’s investment portfolio, making the stock its 15th biggest position.

Separately, Alyeska Investment Group L.P. acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter worth about $3,585,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NUCL shares. HC Wainwright began coverage on shares of Eagle Nuclear Energy in a research report on Wednesday. They issued a “buy” rating and a $11.50 price objective on the stock. Wall Street Zen cut Eagle Nuclear Energy from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Eagle Nuclear Energy has a consensus rating of “Buy” and a consensus target price of $11.50.

Eagle Nuclear Energy Trading Down 0.6%

Shares of NASDAQ NUCL opened at $6.76 on Friday. Eagle Nuclear Energy Corp has a fifty-two week low of $4.55 and a fifty-two week high of $14.22. The company’s 50-day moving average is $7.01. The company has a market capitalization of $199.96 million, a PE ratio of -7.12 and a beta of 0.36.

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

About Eagle Nuclear Energy

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.