Mirabella Financial Services LLP Acquires Shares of 250,000 enCore Energy Corp. (NASDAQ:EU)

Mirabella Financial Services LLP bought a new stake in enCore Energy Corp. (NASDAQ:EU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 250,000 shares of the company's stock, valued at approximately $852,000. Mirabella Financial Services LLP owned about 0.13% of enCore Energy at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. MetLife Investment Management LLC increased its stake in shares of enCore Energy by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock valued at $383,000 after buying an additional 7,532 shares during the period. Natixis lifted its stake in shares of enCore Energy by 8.7% in the 4th quarter. Natixis now owns 155,936 shares of the company's stock valued at $526,000 after purchasing an additional 12,509 shares during the period. NewEdge Advisors LLC lifted its stake in shares of enCore Energy by 19.7% in the 4th quarter. NewEdge Advisors LLC now owns 260,155 shares of the company's stock valued at $887,000 after purchasing an additional 42,850 shares during the period. XTX Topco Ltd bought a new stake in shares of enCore Energy during the fourth quarter valued at approximately $104,000. Finally, Barclays PLC grew its stake in enCore Energy by 7.4% in the fourth quarter. Barclays PLC now owns 354,189 shares of the company's stock worth $1,208,000 after purchasing an additional 24,459 shares during the period. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their price target on enCore Energy from $7.00 to $2.75 and set a "buy" rating for the company in a research report on Tuesday, March 18th.

enCore Energy Stock Down 0.6 %

EU stock traded down $0.01 during trading on Friday, reaching $1.60. The company's stock had a trading volume of 1,567,966 shares, compared to its average volume of 1,503,961. The company's fifty day moving average is $1.63 and its 200-day moving average is $2.90. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $5.05. The company has a market capitalization of $298.70 million, a P/E ratio of -5.71 and a beta of 1.27.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The company had revenue of $13.36 million for the quarter, compared to analysts' expectations of $14.30 million. Analysts anticipate that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Insider Activity at enCore Energy

In related news, Chairman William M. Sheriff sold 24,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.20, for a total value of $76,800.00. Following the completion of the transaction, the chairman now owns 2,120,055 shares of the company's stock, valued at approximately $6,784,176. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.