Sei Investments Co. Buys New Shares in enCore Energy Corp. (NASDAQ:EU)

Sei Investments Co. bought a new stake in shares of enCore Energy Corp. (NASDAQ:EU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,570 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rathbones Group PLC purchased a new stake in shares of enCore Energy in the 2nd quarter valued at approximately $39,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of enCore Energy in the 1st quarter valued at approximately $83,000. Virtu Financial LLC purchased a new stake in shares of enCore Energy in the 1st quarter valued at approximately $84,000. Principal Financial Group Inc. lifted its position in shares of enCore Energy by 19.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after acquiring an additional 3,652 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of enCore Energy in the 1st quarter valued at approximately $120,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of enCore Energy in a research report on Monday, October 7th.

enCore Energy Stock Up 4.1 %

EU stock opened at $4.08 on Friday. enCore Energy Corp. has a 12-month low of $2.98 and a 12-month high of $5.05. The company has a market cap of $756.19 million, a price-to-earnings ratio of -34.00 and a beta of -0.02. The company has a 50 day moving average of $3.64 and a two-hundred day moving average of $4.07.

enCore Energy (NASDAQ:EU) last released its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $5.32 million for the quarter, compared to the consensus estimate of $13.10 million. On average, research analysts anticipate that enCore Energy Corp. will post -0.11 EPS for the current 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.