Rhumbline Advisers Boosts Stock Position in enCore Energy Corp. (NASDAQ:EU)

Rhumbline Advisers raised its position in shares of enCore Energy Corp. (NASDAQ:EU) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 260,172 shares of the company’s stock after buying an additional 17,191 shares during the quarter. Rhumbline Advisers owned about 0.14% of enCore Energy worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in enCore Energy in the first quarter valued at approximately $83,000. Virtu Financial LLC purchased a new stake in shares of enCore Energy during the 1st quarter valued at approximately $84,000. Principal Financial Group Inc. grew its holdings in shares of enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares during the period. Tidal Investments LLC acquired a new stake in enCore Energy in the 1st quarter valued at approximately $120,000. Finally, ProShare Advisors LLC boosted its holdings in enCore Energy by 20.9% during the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after acquiring an additional 5,074 shares during the period. 20.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EU shares. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright dropped their price objective on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

enCore Energy Stock Up 4.1 %

Shares of NASDAQ EU opened at $3.81 on Monday. The stock has a market cap of $702.58 million, a PE ratio of -29.31 and a beta of -0.03. enCore Energy Corp. has a 52-week low of $2.94 and a 52-week high of $5.05. The business has a 50-day moving average price of $3.56 and a 200 day moving average price of $4.07.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) 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. Sell-side analysts anticipate that enCore Energy Corp. will post -0.11 earnings per share for the current year.

About enCore Energy

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.