Shakespeare Wealth Management LLC Invests $52,000 in enCore Energy Corp. (NASDAQ:EU)

Shakespeare Wealth Management LLC purchased a new stake in enCore Energy Corp. (NASDAQ:EU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,105 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds have also bought and sold shares of the company. Azarias Capital Management L.P. increased its stake in shares of enCore Energy by 6.8% in the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock valued at $18,230,000 after purchasing an additional 342,657 shares in the last quarter. Van ECK Associates Corp increased its position in shares of enCore Energy by 79.8% in the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock valued at $14,929,000 after buying an additional 1,943,731 shares in the last quarter. State Street Corp raised its stake in shares of enCore Energy by 3.5% during the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after buying an additional 105,685 shares during the period. MMCAP International Inc. SPC lifted its position in shares of enCore Energy by 64.2% during the 4th quarter. MMCAP International Inc. SPC now owns 2,301,509 shares of the company’s stock valued at $7,848,000 after buying an additional 899,901 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in enCore Energy by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,228,776 shares of the company’s stock valued at $7,600,000 after acquiring an additional 25,637 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on shares of enCore Energy from $7.00 to $2.75 and set a “buy” rating on the stock in a report on Tuesday, March 18th.

enCore Energy Price Performance

NASDAQ EU opened at $1.16 on Monday. enCore Energy Corp. has a 1-year low of $1.01 and a 1-year high of $5.05. The company has a market cap of $216.21 million, a PE ratio of -4.14 and a beta of 1.27. The stock’s 50 day simple moving average is $2.19 and its 200-day simple moving average is $3.19.

enCore Energy (NASDAQ:EU) last announced its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $13.36 million for the quarter, compared to the consensus estimate of $14.30 million. On average, equities research analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

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

enCore Energy 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.