959,401 Shares in enCore Energy Corp. $EU Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in enCore Energy Corp. (NASDAQ:EU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 959,401 shares of the company’s stock, valued at approximately $2,379,000.

Several other hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after buying an additional 5,356 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of enCore Energy during the 2nd quarter worth $29,000. Arax Advisory Partners increased its stake in enCore Energy by 898.7% in the fourth quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after acquiring an additional 10,389 shares during the last quarter. Laurion Capital Management LP bought a new position in enCore Energy in the fourth quarter valued at $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in enCore Energy during the fourth quarter valued at about $32,000. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Stock Performance

NASDAQ EU opened at $1.48 on Wednesday. The company has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $2.22. enCore Energy Corp. has a 12-month low of $1.26 and a 12-month high of $4.18. The firm has a market cap of $287.49 million, a price-to-earnings ratio of -9.87 and a beta of 2.00. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. On average, equities analysts forecast that enCore Energy Corp. will post -0.32 EPS for the current year.

Insider Buying and Selling

In related news, CEO Richard H. Little acquired 50,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $1.28 per share, for a total transaction of $64,000.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $64,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman William M. Sheriff acquired 50,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $1.49 per share, with a total value of $74,500.00. Following the purchase, the chairman owned 1,387,169 shares of the company’s stock, valued at approximately $2,066,881.81. This trade represents a 3.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 259,905 shares of company stock valued at $362,534 in the last 90 days. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EU. HC Wainwright dropped their price target on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Northland Securities set a $3.75 price objective on enCore Energy in a report on Monday, May 18th. Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

enCore Energy Profile

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.