Renaissance Technologies LLC Grows Stock Holdings in Terrestrial Energy Inc. $IMSR

Renaissance Technologies LLC grew its stake in Terrestrial Energy Inc. (NASDAQ:IMSR) by 136.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,900 shares of the company’s stock after acquiring an additional 235,100 shares during the period. Renaissance Technologies LLC’s holdings in Terrestrial Energy were worth $2,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Yorkville Advisors Global LP bought a new stake in shares of Terrestrial Energy during the first quarter valued at approximately $733,000. Bank of New York Mellon Corp bought a new position in Terrestrial Energy in the first quarter worth approximately $102,000. Finally, Swiss National Bank purchased a new position in Terrestrial Energy during the 1st quarter worth $340,000.

Terrestrial Energy Stock Performance

NASDAQ IMSR opened at $5.45 on Tuesday. The company has a market cap of $577.32 million, a PE ratio of -54.50 and a beta of 2.39. The firm’s 50 day moving average price is $6.39 and its 200-day moving average price is $7.05. Terrestrial Energy Inc. has a 52-week low of $4.38 and a 52-week high of $31.50.

Terrestrial Energy (NASDAQ:IMSR) last posted its earnings results on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. On average, analysts forecast that Terrestrial Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.50.

About Terrestrial Energy

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.