AWM Investment Company Inc. Has $4.43 Million Stake in enCore Energy Corp. (NASDAQ:EU)

AWM Investment Company Inc. raised its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 118.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,297,619 shares of the company's stock after purchasing an additional 702,619 shares during the quarter. AWM Investment Company Inc. owned about 0.70% of enCore Energy worth $4,425,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of enCore Energy by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company's stock worth $328,000 after purchasing an additional 5,067 shares during the period. Legal & General Group Plc raised its holdings in enCore Energy by 17.7% during the 4th quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock worth $120,000 after buying an additional 5,322 shares during the period. NFP Retirement Inc. raised its holdings in enCore Energy by 27.3% during the 4th quarter. NFP Retirement Inc. now owns 28,000 shares of the company's stock worth $95,000 after buying an additional 6,000 shares during the period. MetLife Investment Management LLC lifted its stake in enCore Energy by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock valued at $383,000 after buying an additional 7,532 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of enCore Energy by 10.2% in the fourth quarter. SG Americas Securities LLC now owns 113,517 shares of the company's stock worth $387,000 after buying an additional 10,469 shares during the period. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Stock Performance

Shares of EU stock traded up $0.37 on Monday, reaching $1.97. 7,368,785 shares of the company's stock traded hands, compared to its average volume of 1,581,815. The company has a market capitalization of $368.09 million, a P/E ratio of -7.04 and a beta of 1.19. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.96. The business's 50 day moving average price is $1.48 and its two-hundred day moving average price is $2.54.

enCore Energy (NASDAQ:EU - Get Free Report) last released its 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 business had revenue of $18.24 million during the quarter, compared to the consensus estimate of $15.10 million. Research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Insider Activity at enCore Energy

In other news, Chairman William M. Sheriff purchased 40,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $1.21 per share, with a total value of $48,400.00. Following the purchase, the chairman now directly owns 2,310,055 shares of the company's stock, valued at approximately $2,795,166.55. This trade represents a 1.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

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

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.