5E Advanced Materials, Inc. $FEAM Shares Purchased by Bluescape Energy Partners LLC

Bluescape Energy Partners LLC boosted its holdings in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 8,130,997 shares of the company’s stock after acquiring an additional 533,648 shares during the quarter. 5E Advanced Materials comprises about 6.5% of Bluescape Energy Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Bluescape Energy Partners LLC owned approximately 0.35% of 5E Advanced Materials worth $24,800,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp purchased a new position in 5E Advanced Materials in the fourth quarter worth $37,000. Goldman Sachs Group Inc. purchased a new position in 5E Advanced Materials in the fourth quarter worth $69,000. Marshall Wace LLP purchased a new position in 5E Advanced Materials in the fourth quarter worth $282,000. Geode Capital Management LLC raised its position in 5E Advanced Materials by 112.9% in the fourth quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after acquiring an additional 41,238 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in 5E Advanced Materials in the fourth quarter worth $111,000.

5E Advanced Materials Stock Performance

FEAM opened at $1.62 on Wednesday. The business’s fifty day moving average is $1.72 and its two-hundred day moving average is $2.36. The company has a market cap of $67.25 million, a price-to-earnings ratio of -1.21 and a beta of 1.86. 5E Advanced Materials, Inc. has a one year low of $1.17 and a one year high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last posted its earnings results on Tuesday, May 12th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.01. On average, analysts predict that 5E Advanced Materials, Inc. will post -1.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on FEAM shares. HC Wainwright set a $5.50 target price on shares of 5E Advanced Materials and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of 5E Advanced Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.25.

5E Advanced Materials Profile

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.