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

Pacer Advisors Inc. acquired a new stake in shares of enCore Energy Corp. (NASDAQ:EU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 959,401 shares of the company’s stock, valued at approximately $2,379,000. Pacer Advisors Inc. owned 0.51% of enCore Energy at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. increased its holdings in enCore Energy by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock worth $57,000 after acquiring an additional 4,000 shares during the last quarter. Intech Investment Management LLC lifted its holdings in enCore Energy by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock valued at $170,000 after purchasing an additional 4,219 shares during the last quarter. Franklin Resources Inc. boosted its position in enCore Energy by 24.6% during the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock worth $69,000 after purchasing an additional 4,252 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in enCore Energy by 192.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after purchasing an additional 5,356 shares during the period. Finally, Accordant Advisory Group Inc increased its stake in shares of enCore Energy by 2.5% in the fourth quarter. Accordant Advisory Group Inc now owns 295,798 shares of the company’s stock worth $734,000 after purchasing an additional 7,351 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Insider Activity

In other news, Director Wayne W. Heili purchased 35,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $1.44 per share, with a total value of $50,400.00. Following the completion of the acquisition, the director owned 35,000 shares in the company, valued at $50,400. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman William M. Sheriff acquired 50,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $1.49 per share, for a total transaction of $74,500.00. Following the transaction, the chairman directly owned 1,387,169 shares of the company’s stock, valued at $2,066,881.81. This represents a 3.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 259,905 shares of company stock valued at $362,534 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on EU shares. HC Wainwright dropped their price target on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Weiss Ratings cut shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 8th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Northland Securities set a $3.75 price target on enCore Energy in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.83.

enCore Energy Price Performance

EU stock opened at $1.48 on Wednesday. The firm has a 50 day moving average of $1.68 and a 200-day moving average of $2.22. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $4.18. The firm has a market capitalization of $287.49 million, a P/E ratio of -9.87 and a beta of 2.00.

enCore Energy (NASDAQ:EU) last posted its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%.The firm had revenue of $18.30 million for the quarter, compared to the consensus estimate of $9.30 million. As a group, sell-side analysts predict that enCore Energy Corp. will post -0.32 earnings per share for the current fiscal year.

About enCore Energy

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.