Los Angeles Capital Management LLC Makes New $68,000 Investment in enCore Energy Corp. $EU

Los Angeles Capital Management LLC acquired a new stake in enCore Energy Corp. (NASDAQ:EU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,930 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EU. MMCAP International Inc. SPC increased its position in shares of enCore Energy by 66.0% during the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock valued at $5,232,000 after acquiring an additional 1,517,992 shares during the last quarter. Vident Advisory LLC grew its stake in enCore Energy by 21.8% in the 1st quarter. Vident Advisory LLC now owns 2,387,194 shares of the company’s stock valued at $3,185,000 after purchasing an additional 427,019 shares during the period. Boundary Creek Advisors LP purchased a new stake in shares of enCore Energy during the 1st quarter valued at $2,898,000. Nuveen LLC bought a new stake in shares of enCore Energy during the 1st quarter worth $662,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of enCore Energy by 13.2% in the 1st quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock worth $403,000 after buying an additional 34,250 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Insider Transactions at enCore Energy

In other news, Director Dennis Stover sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total value of $70,800.00. Following the completion of the sale, the director owned 468,500 shares of the company’s stock, valued at approximately $1,658,490. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William B. Harris sold 80,000 shares of enCore Energy stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $3.41, for a total transaction of $272,800.00. Following the completion of the transaction, the director owned 280,001 shares in the company, valued at approximately $954,803.41. The trade was a 22.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,000 shares of company stock valued at $410,200 over the last quarter. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. B. Riley initiated coverage on shares of enCore Energy in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 target price on the stock. HC Wainwright upped their price target on enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Zacks Research raised shares of enCore Energy to a “hold” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.00.

enCore Energy Stock Performance

NASDAQ:EU opened at $2.49 on Wednesday. The stock has a market cap of $466.25 million, a P/E ratio of -8.89 and a beta of 1.97. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $2.60. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.18.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.The company had revenue of $8.88 million during the quarter. As a group, equities analysts predict that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

About enCore Energy

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.