Millennium Management LLC Sells 215,942 Shares of enCore Energy Corp. (NASDAQ:EU)

Millennium Management LLC cut its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 81.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,018 shares of the company's stock after selling 215,942 shares during the period. Millennium Management LLC's holdings in enCore Energy were worth $164,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc grew its stake in enCore Energy by 17.7% in the 4th quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock valued at $120,000 after buying an additional 5,322 shares during the last quarter. NFP Retirement Inc. grew its stake in enCore Energy by 27.3% in the 4th quarter. NFP Retirement Inc. now owns 28,000 shares of the company's stock valued at $95,000 after buying an additional 6,000 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of enCore Energy by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock worth $383,000 after purchasing an additional 7,532 shares in the last quarter. Savant Capital LLC acquired a new position in shares of enCore Energy during the 4th quarter worth approximately $36,000. Finally, Raymond James Financial Inc. acquired a new position in shares of enCore Energy during the 4th quarter worth approximately $38,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman William M. Sheriff purchased 40,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $1.21 per share, with a total value of $48,400.00. Following the acquisition, the chairman now owns 2,310,055 shares in the company, valued at approximately $2,795,166.55. The trade was a 1.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

enCore Energy Trading Up 10.5%

Shares of NASDAQ:EU traded up $0.23 on Monday, reaching $2.42. 5,569,973 shares of the company's stock were exchanged, compared to its average volume of 1,697,453. The company has a fifty day moving average of $1.72 and a 200-day moving average of $2.36. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.50. The company has a market capitalization of $452.61 million, a price-to-earnings ratio of -8.64 and a beta of 1.54.

enCore Energy (NASDAQ:EU - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The business had revenue of $18.24 million for the quarter, compared to analysts' expectations of $15.10 million. As a group, equities research analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and set a $2.75 target price on shares of enCore Energy in a research report on Tuesday, May 13th.

enCore Energy Company 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.