Vident Advisory LLC Acquires 427,019 Shares of enCore Energy Corp. $EU

Key Points

• Vident Advisory LLC increased its stake in enCore Energy Corp. by 21.8%, acquiring an additional 427,019 shares in the first quarter, bringing its total holding to 2,387,194 shares.
• EnCore Energy reported a negative EPS of ($0.07) for the recent quarter and had revenue of $3.66 million, with analysts predicting a full-year EPS of -0.2.
• Analysts have varied opinions on enCore Energy, with Zacks raising its rating to "hold", while HC Wainwright and B. Riley set a buy rating and a target price of $4.00.

Vident Advisory LLC grew its holdings in enCore Energy Corp. (NASDAQ:EU - Free Report) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,387,194 shares of the company's stock after purchasing an additional 427,019 shares during the period. Vident Advisory LLC owned about 1.28% of enCore Energy worth $3,185,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in enCore Energy by 1.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company's stock valued at $42,839,000 after purchasing an additional 165,082 shares in the last quarter. MMCAP International Inc. SPC grew its stake in enCore Energy by 66.0% in the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company's stock valued at $5,232,000 after purchasing an additional 1,517,992 shares in the last quarter. AWM Investment Company Inc. increased its holdings in enCore Energy by 118.1% in the fourth quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company's stock worth $4,425,000 after buying an additional 702,619 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in enCore Energy by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,161,923 shares of the company's stock worth $1,592,000 after buying an additional 25,402 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in enCore Energy by 5.5% in the fourth quarter. Northern Trust Corp now owns 1,133,177 shares of the company's stock worth $3,864,000 after buying an additional 59,343 shares during the last quarter. Institutional investors and hedge funds own 20.86% of the company's stock.

enCore Energy Stock Performance

Shares of EU traded up $0.01 during mid-day trading on Friday, hitting $2.33. The company's stock had a trading volume of 2,239,757 shares, compared to its average volume of 2,683,145. enCore Energy Corp. has a one year low of $1.01 and a one year high of $4.44. The firm has a market capitalization of $435.94 million, a PE ratio of -6.66 and a beta of 1.84. The stock's 50-day moving average is $2.69 and its two-hundred day moving average is $2.10.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on EU. HC Wainwright increased their price objective on enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Zacks Research upgraded enCore Energy to a "hold" rating in a report on Tuesday, August 12th. Finally, B. Riley began coverage on enCore Energy in a report on Wednesday, July 23rd. They issued a "buy" rating and a $4.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $4.00.

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.