enCore Energy Corp. (NASDAQ:EU) Shares Sold by Arlington Capital Management Inc.

Arlington Capital Management Inc. trimmed its holdings in enCore Energy Corp. (NASDAQ:EU) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,890 shares of the company’s stock after selling 39,145 shares during the period. Arlington Capital Management Inc.’s holdings in enCore Energy were worth $624,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EU. LPL Financial LLC bought a new stake in enCore Energy during the fourth quarter valued at $56,000. American Century Companies Inc. raised its stake in enCore Energy by 72.0% during the fourth quarter. American Century Companies Inc. now owns 101,051 shares of the company’s stock worth $345,000 after acquiring an additional 42,297 shares during the period. Intech Investment Management LLC boosted its stake in enCore Energy by 252.2% in the fourth quarter. Intech Investment Management LLC now owns 95,744 shares of the company’s stock valued at $326,000 after acquiring an additional 68,557 shares during the period. Cibc World Markets Corp bought a new position in shares of enCore Energy during the fourth quarter valued at approximately $58,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of enCore Energy in the 4th quarter worth about $38,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their price target on shares of enCore Energy from $7.00 to $2.75 and set a “buy” rating for the company in a research note on Tuesday, March 18th.

enCore Energy Stock Down 4.9 %

Shares of enCore Energy stock opened at $1.55 on Wednesday. enCore Energy Corp. has a 12-month low of $1.26 and a 12-month high of $5.05. The firm has a market capitalization of $288.70 million, a PE ratio of -5.54 and a beta of 0.38. The stock’s fifty day moving average is $2.54 and its 200-day moving average is $3.31.

enCore Energy (NASDAQ:EU) last released its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $13.36 million for the quarter, compared to analyst estimates of $14.30 million. Analysts expect that enCore Energy Corp. will post -0.2 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman William M. Sheriff sold 24,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.20, for a total transaction of $76,800.00. Following the transaction, the chairman now directly owns 2,120,055 shares in the company, valued at $6,784,176. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.