MetLife Investment Management LLC Purchases 7,532 Shares of enCore Energy Corp. (NASDAQ:EU)

MetLife Investment Management LLC lifted its holdings in enCore Energy Corp. (NASDAQ:EU) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,175 shares of the company’s stock after acquiring an additional 7,532 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of enCore Energy worth $383,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Insider Activity

In other enCore Energy news, Chairman William M. Sheriff acquired 40,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the acquisition, the chairman now directly owns 2,310,055 shares of the company’s stock, valued at approximately $2,795,166.55. This trade represents a 1.76 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

enCore Energy Stock Up 3.5 %

Shares of enCore Energy stock opened at $1.63 on Wednesday. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $5.05. The business has a fifty day simple moving average of $1.46 and a 200 day simple moving average of $2.75. The stock has a market cap of $303.36 million, a PE ratio of -5.80 and a beta of 1.19.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) EPS 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 the consensus estimate of $14.30 million. Analysts expect that enCore Energy Corp. will post -0.2 EPS 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.