SG Americas Securities LLC Increases Stock Holdings in enCore Energy Corp. (NASDAQ:EU)

SG Americas Securities LLC lifted its position in enCore Energy Corp. (NASDAQ:EU) by 93.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,048 shares of the company’s stock after buying an additional 49,768 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of enCore Energy worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EU. Azarias Capital Management L.P. raised its stake in enCore Energy by 232.0% in the first quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock valued at $18,013,000 after purchasing an additional 2,626,395 shares in the last quarter. MMCAP International Inc. SPC purchased a new stake in enCore Energy in the first quarter valued at approximately $11,055,000. Van ECK Associates Corp purchased a new stake in enCore Energy in the first quarter valued at approximately $3,399,000. Vident Advisory LLC raised its stake in enCore Energy by 21.3% in the first quarter. Vident Advisory LLC now owns 1,575,173 shares of the company’s stock valued at $6,693,000 after purchasing an additional 276,211 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after purchasing an additional 249,307 shares in the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Stock Performance

Shares of enCore Energy stock opened at $4.23 on Friday. The stock has a market capitalization of $780.03 million, a price-to-earnings ratio of -32.54 and a beta of -0.02. The company’s 50 day moving average price is $3.71 and its 200-day moving average price is $4.07. enCore Energy Corp. has a 52-week low of $2.98 and a 52-week high of $5.05.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $5.32 million for the quarter, compared to analyst estimates of $13.10 million. As a group, equities research analysts forecast that enCore Energy Corp. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EU shares. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Monday, October 7th.

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.