The Manufacturers Life Insurance Company Increases Holdings in enCore Energy Corp. (NASDAQ:EU)

The Manufacturers Life Insurance Company increased its position in enCore Energy Corp. (NASDAQ:EU) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,895 shares of the company’s stock after purchasing an additional 13,908 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of enCore Energy worth $567,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Azarias Capital Management L.P. increased its holdings in enCore Energy by 232.0% during 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 buying an additional 2,626,395 shares during the period. Vanguard Group Inc. boosted 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 acquiring an additional 249,307 shares in the last quarter. Van ECK Associates Corp purchased a new position in enCore Energy in the first quarter worth $3,399,000. Natixis acquired a new position in shares of enCore Energy during the first quarter worth $576,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of enCore Energy during the 1st quarter valued at $83,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

enCore Energy Stock Performance

NASDAQ EU opened at $3.96 on Wednesday. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $4.07. The firm has a market cap of $730.24 million, a price-to-earnings ratio of -30.46 and a beta of -0.02. enCore Energy Corp. has a one year low of $2.98 and a one year high of $5.05.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities analysts predict that enCore Energy Corp. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Monday, October 7th. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd.

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.