Invesco Ltd. Buys 145,459 Shares of enCore Energy Corp. (NASDAQ:EU)

Invesco Ltd. boosted its stake in enCore Energy Corp. (NASDAQ:EU) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,873,993 shares of the company’s stock after acquiring an additional 145,459 shares during the quarter. Invesco Ltd.’s holdings in enCore Energy were worth $13,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EU. Van ECK Associates Corp boosted its position in enCore Energy by 79.8% during the 4th quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares during the period. MMCAP International Inc. SPC grew its stake in shares of enCore Energy by 64.2% in the fourth quarter. MMCAP International Inc. SPC now owns 2,301,509 shares of the company’s stock worth $7,848,000 after purchasing an additional 899,901 shares during the last quarter. Azarias Capital Management L.P. increased its holdings in enCore Energy by 6.8% in the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock valued at $18,230,000 after purchasing an additional 342,657 shares during the period. Sprott Inc. raised its position in enCore Energy by 893.0% during the 4th quarter. Sprott Inc. now owns 370,320 shares of the company’s stock worth $1,263,000 after purchasing an additional 333,027 shares during the last quarter. Finally, State Street Corp lifted its holdings in enCore Energy by 3.5% during the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after buying an additional 105,685 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

Insider Activity

In other news, Chairman William M. Sheriff acquired 40,000 shares of enCore Energy stock in a transaction on Thursday, April 3rd. The stock was purchased at an average price of $1.21 per share, with a total value of $48,400.00. Following the completion of the purchase, the chairman now owns 2,310,055 shares of the company’s stock, valued at approximately $2,795,166.55. The trade was a 1.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price objective on enCore Energy from $7.00 to $2.75 and set a “buy” rating for the company in a research report on Tuesday, March 18th.

enCore Energy Stock Down 7.9 %

Shares of NASDAQ EU opened at $1.29 on Tuesday. The company has a market capitalization of $240.44 million, a PE ratio of -4.61 and a beta of 1.27. The firm has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $2.94. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $5.05.

enCore Energy (NASDAQ:EU) last announced its earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $13.36 million during the quarter, compared to the consensus estimate of $14.30 million. As a group, equities analysts expect that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.