enCore Energy Corp. $EU is Azarias Capital Management L.P.'s 3rd Largest Position

Key Points

• Azarias Capital Management L.P. reduced its stake in enCore Energy Corp. by 27.9%, making it the firm's third largest holding, valued at approximately $10.5 million.
• Shares of enCore Energy have fallen by 1.8% recently, with a market cap of $608.06 million and a twelve month high of $4.44.
• Multiple analysts have recently upgraded their ratings for enCore Energy, with a majority rating the stock as a "Moderate Buy", and setting an average price target of $4.00.

Azarias Capital Management L.P. lessened its position in enCore Energy Corp. (NASDAQ:EU - Free Report) by 27.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,680,164 shares of the company's stock after selling 1,423,181 shares during the quarter. enCore Energy makes up about 4.8% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 3rd largest holding. Azarias Capital Management L.P. owned about 1.97% of enCore Energy worth $10,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in enCore Energy by 64.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock valued at $27,000 after buying an additional 7,461 shares during the period. Compound Planning Inc. purchased a new position in enCore Energy during the 1st quarter valued at about $27,000. Ballentine Partners LLC purchased a new position in enCore Energy during the 2nd quarter valued at about $29,000. Virtu Financial LLC purchased a new position in enCore Energy during the 1st quarter valued at about $35,000. Finally, Sovran Advisors LLC purchased a new position in enCore Energy during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 20.86% of the company's stock.

enCore Energy Stock Down 1.8%

Shares of NASDAQ EU opened at $3.25 on Friday. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.44. The firm has a market cap of $608.06 million, a P/E ratio of -9.29 and a beta of 1.98. The company has a 50 day moving average of $2.65 and a 200 day moving average of $2.21.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EU. Wall Street Zen upgraded shares of enCore Energy from a "sell" rating to a "hold" rating in a report on Monday, September 22nd. Zacks Research upgraded enCore Energy to a "hold" rating in a research note on Tuesday, August 12th. B. Riley started coverage on enCore Energy in a research note on Wednesday, July 23rd. They set a "buy" rating and a $4.00 price objective for the company. HC Wainwright lifted their price objective on enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of enCore Energy in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $4.00.

enCore Energy 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.

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