Los Angeles Capital Management LLC Purchases New Position in enCore Energy Corp. $EU

Los Angeles Capital Management LLC acquired a new stake in shares of enCore Energy Corp. (NASDAQ:EU) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 23,930 shares of the company’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in enCore Energy by 64.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock worth $27,000 after purchasing an additional 7,461 shares during the period. Compound Planning Inc. bought a new stake in enCore Energy during the first quarter worth about $27,000. Ballentine Partners LLC bought a new position in enCore Energy during the 2nd quarter valued at approximately $29,000. Virtu Financial LLC purchased a new position in enCore Energy during the first quarter valued at $35,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of enCore Energy in the second quarter worth $35,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

NASDAQ:EU opened at $2.49 on Wednesday. The stock has a 50-day moving average price of $2.98 and a 200 day moving average price of $2.60. The company has a current ratio of 13.64, a quick ratio of 12.48 and a debt-to-equity ratio of 0.39. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.18. The stock has a market capitalization of $466.25 million, a P/E ratio of -8.89 and a beta of 1.97.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $8.88 million for the quarter. enCore Energy had a negative net margin of 118.78% and a negative return on equity of 19.83%. Equities research analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Insider Activity

In other enCore Energy news, Director William B. Harris sold 80,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 280,001 shares of the company’s stock, valued at $954,803.41. The trade was a 22.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis Stover sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 468,500 shares in the company, valued at approximately $1,658,490. This represents a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 120,000 shares of company stock valued at $410,200. 3.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. HC Wainwright upped their target price on shares of enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. B. Riley initiated coverage on shares of enCore Energy in a research report on Wednesday, July 23rd. They set a “buy” rating and a $4.00 price objective on the stock. Finally, Zacks Research upgraded shares of enCore Energy to a “hold” rating in a research note on Tuesday, August 12th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, enCore Energy presently has an average rating of “Moderate Buy” and a consensus price target of $4.00.

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.