Arlington Capital Management Inc. Decreases Holdings in enCore Energy Corp. (NASDAQ:EU)

Arlington Capital Management Inc. cut its position in shares of enCore Energy Corp. (NASDAQ:EU) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,890 shares of the company’s stock after selling 39,145 shares during the period. Arlington Capital Management Inc. owned approximately 0.10% of enCore Energy worth $624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC bought a new position in shares of enCore Energy in the 4th quarter worth $56,000. American Century Companies Inc. boosted its position in enCore Energy by 72.0% in the fourth quarter. American Century Companies Inc. now owns 101,051 shares of the company’s stock valued at $345,000 after buying an additional 42,297 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of enCore Energy by 252.2% in the 4th 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 last quarter. Cibc World Markets Corp purchased a new position in shares of enCore Energy during the 4th quarter valued at about $58,000. Finally, Raymond James Financial Inc. purchased a new position in enCore Energy during the fourth quarter valued at approximately $38,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

enCore Energy Stock Down 4.9 %

Shares of EU opened at $1.55 on Wednesday. The stock has a market cap of $288.70 million, a PE ratio of -5.54 and a beta of 0.38. The firm’s fifty day moving average is $2.54 and its two-hundred day moving average is $3.31. enCore Energy Corp. has a 52-week low of $1.26 and a 52-week high of $5.05.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $14.30 million. As a group, research analysts anticipate that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

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 transaction of $76,800.00. Following the completion of the transaction, the chairman now directly owns 2,120,055 shares of the company’s stock, valued at $6,784,176. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.