enCore Energy Corp. $EU Shares Sold by AWM Investment Company Inc.

Key Points

• AWM Investment Company Inc. has significantly reduced its stake in enCore Energy Corp. by selling 997,619 shares, bringing its ownership down to 300,000 shares, which is 0.16% of the company.
• Institutional investors now hold 20.86% of enCore Energy's stock, with Zurcher Kantonalbank increasing its position by 64.7% during the first quarter.
• enCore Energy's stock has a consensus rating of "Buy" from analysts, with a price target forecasted at $4.00.

AWM Investment Company Inc. trimmed its holdings in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 76.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the company's stock after selling 997,619 shares during the quarter. AWM Investment Company Inc. owned 0.16% of enCore Energy worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of enCore Energy by 44.9% during the 4th quarter. Wells Fargo & Company MN now owns 91,641 shares of the company's stock worth $312,000 after purchasing an additional 28,392 shares during the last quarter. Wellington Management Group LLP purchased a new position in enCore Energy during the 4th quarter valued at about $69,000. Bank of America Corp DE boosted its holdings in enCore Energy by 9.4% during the 4th quarter. Bank of America Corp DE now owns 174,301 shares of the company's stock valued at $594,000 after acquiring an additional 14,934 shares during the period. Ameriprise Financial Inc. purchased a new position in enCore Energy during the 4th quarter valued at about $73,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in enCore Energy by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,003 shares of the company's stock valued at $246,000 after acquiring an additional 11,328 shares during the period. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EU has been the subject of a number of research analyst reports. B. Riley initiated coverage on enCore Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 target price for the company. HC Wainwright boosted their price objective on enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Wall Street Zen raised enCore Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Zacks Research raised enCore Energy to a "hold" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $4.00.

enCore Energy Trading Up 0.4%

EU stock traded up $0.01 during trading on Friday, hitting $2.33. 2,264,869 shares of the company's stock were exchanged, compared to its average volume of 4,424,223. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $2.09. The stock has a market capitalization of $435.93 million, a price-to-earnings ratio of -6.66 and a beta of 1.84. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.44.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $3.66 million for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%. On average, equities research analysts anticipate that enCore Energy Corp. will post -0.2 earnings per share 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.