Bridgewater Associates LP Decreases Stock Holdings in enCore Energy Corp. (NASDAQ:EU)

Bridgewater Associates LP cut its holdings in enCore Energy Corp. (NASDAQ:EU) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,328 shares of the company’s stock after selling 54,121 shares during the quarter. Bridgewater Associates LP owned 0.08% of enCore Energy worth $489,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Azarias Capital Management L.P. lifted 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 during the last quarter. Franklin Resources Inc. bought a new stake in enCore Energy in the third quarter worth $60,000. Geode Capital Management LLC boosted its stake in enCore Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock worth $8,901,000 after buying an additional 24,786 shares during the period. Raymond James Financial Inc. bought a new position in enCore Energy during the fourth quarter valued at $38,000. Finally, Savant Capital LLC purchased a new stake in shares of enCore Energy in the fourth quarter valued at $36,000. Institutional investors own 20.86% of the company’s stock.

Insider Transactions at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff acquired 40,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of $1.21 per share, with a total value of $48,400.00. Following the completion of the purchase, the chairman now directly owns 2,310,055 shares in the company, valued at $2,795,166.55. The trade was a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

enCore Energy Stock Up 4.1 %

EU opened at $1.39 on Friday. The business has a fifty day moving average of $1.74 and a 200 day moving average of $2.97. The stock has a market cap of $258.14 million, a P/E ratio of -4.95 and a beta of 1.27. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $5.05.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $13.36 million for the quarter, compared to analysts’ expectations of $14.30 million. Equities analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped 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.

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.