Principal Financial Group Inc. Cuts Holdings in enCore Energy Corp. (NASDAQ:EU)

Principal Financial Group Inc. reduced its position in enCore Energy Corp. (NASDAQ:EU) by 30.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,609 shares of the company’s stock after selling 6,708 shares during the period. Principal Financial Group Inc.’s holdings in enCore Energy were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EU. ProShare Advisors LLC increased its holdings in shares of enCore Energy by 20.9% in the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after buying an additional 5,074 shares during the last quarter. Arlington Capital Management Inc. raised its position in 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. lifted its stake in shares of enCore Energy by 10.4% in the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after purchasing an additional 7,602 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of enCore Energy by 23.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock worth $205,000 after purchasing an additional 8,954 shares during the period. Finally, Rathbones Group PLC purchased a new stake in enCore Energy during the 2nd quarter valued at $39,000. 20.86% of the stock is owned by institutional investors.

enCore Energy Stock Down 0.8 %

Shares of EU stock opened at $3.74 on Wednesday. The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.94. The firm has a market cap of $695.79 million, a price-to-earnings ratio of -13.50 and a beta of 0.05. enCore Energy Corp. has a 52-week low of $3.02 and a 52-week high of $5.05.

Analysts Set New Price Targets

A number of research firms have weighed in on EU. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a research report on Tuesday, November 19th. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research report 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.