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

Invesco Ltd. boosted its position in enCore Energy Corp. (NASDAQ:EU) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,873,993 shares of the company’s stock after purchasing an additional 145,459 shares during the period. Invesco Ltd. owned about 2.08% of enCore Energy worth $13,210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EU. Savant Capital LLC acquired a new position in enCore Energy in the 4th quarter valued at about $36,000. Raymond James Financial Inc. bought a new stake in shares of enCore Energy during the fourth quarter worth approximately $38,000. Shakespeare Wealth Management LLC acquired a new position in shares of enCore Energy in the fourth quarter valued at approximately $52,000. LPL Financial LLC bought a new position in shares of enCore Energy during the fourth quarter worth approximately $56,000. Finally, Cibc World Markets Corp acquired a new stake in enCore Energy during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analysts Set New Price Targets

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

enCore Energy Trading Down 7.9 %

Shares of EU opened at $1.29 on Tuesday. The stock has a market capitalization of $240.44 million, a PE ratio of -4.61 and a beta of 1.27. The firm’s 50 day moving average is $1.71 and its 200-day moving average is $2.94. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $5.05.

enCore Energy (NASDAQ:EU) last released its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $14.30 million. Equities research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other enCore Energy news, Chairman William M. Sheriff purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the purchase, the chairman now owns 2,310,055 shares in the company, valued at approximately $2,795,166.55. This trade represents a 1.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.