Ameriprise Financial Inc. Makes New Investment in enCore Energy Corp. (NASDAQ:EU)

Ameriprise Financial Inc. bought a new position in enCore Energy Corp. (NASDAQ:EU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,357 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EU. Azarias Capital Management L.P. grew its holdings in shares of 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 worth $18,230,000 after purchasing an additional 342,657 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of enCore Energy by 79.8% in the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after purchasing an additional 1,943,731 shares during the last quarter. Invesco Ltd. grew its holdings in shares of enCore Energy by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,873,993 shares of the company’s stock worth $13,210,000 after purchasing an additional 145,459 shares during the last quarter. MMCAP International Inc. SPC grew its holdings 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. Finally, Geode Capital Management LLC grew its holdings in shares of enCore Energy by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,228,776 shares of the company’s stock worth $7,600,000 after purchasing an additional 25,637 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Insider Activity at enCore Energy

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

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $2.75 target price on shares of enCore Energy in a report on Tuesday, May 13th.

enCore Energy Price Performance

NASDAQ:EU opened at $2.14 on Friday. The stock has a market cap of $400.19 million, a P/E ratio of -7.64 and a beta of 1.19. The firm’s fifty day simple moving average is $1.60 and its 200 day simple moving average is $2.43. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.50.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $18.24 million for the quarter, compared to analyst estimates of $15.10 million. On average, 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.