Principal Financial Group Inc. Sells 6,708 Shares of enCore Energy Corp. (NASDAQ:EU)

Principal Financial Group Inc. lowered its position in enCore Energy Corp. (NASDAQ:EU) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,609 shares of the company’s stock after selling 6,708 shares during the quarter. Principal Financial Group Inc.’s holdings in enCore Energy were worth $63,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC grew its position in enCore Energy by 20.9% during the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after acquiring an additional 5,074 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in shares of enCore Energy by 2.6% during the third quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after purchasing an additional 5,655 shares during the period. American International Group Inc. increased its stake in shares of enCore Energy by 10.4% in the first quarter. American International Group Inc. now owns 80,557 shares of the company’s stock worth $353,000 after buying an additional 7,602 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in enCore Energy by 23.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock valued at $205,000 after buying an additional 8,954 shares during the last quarter. Finally, Rathbones Group PLC purchased a new stake in enCore Energy during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Price Performance

EU stock opened at $3.74 on Wednesday. The stock has a market capitalization of $695.79 million, a P/E ratio of -13.50 and a beta of 0.05. enCore Energy Corp. has a 1-year low of $3.02 and a 1-year high of $5.05. The business has a fifty day moving average price of $3.95 and a 200-day moving average price of $3.94.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EU shares. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a research note on Tuesday, November 19th. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

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.