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

Millennium Management LLC reduced its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,018 shares of the company's stock after selling 215,942 shares during the quarter. Millennium Management LLC's holdings in enCore Energy were worth $164,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EU. Savant Capital LLC bought a new position in enCore Energy during the fourth quarter worth $36,000. Raymond James Financial Inc. acquired a new stake in shares of enCore Energy during the 4th quarter worth approximately $38,000. Shakespeare Wealth Management LLC acquired a new position in enCore Energy in the fourth quarter valued at about $52,000. LPL Financial LLC bought a new stake in shares of enCore Energy in the fourth quarter worth about $56,000. Finally, Cibc World Markets Corp bought a new stake in shares of enCore Energy in the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 20.86% of the company's stock.

enCore Energy Stock Performance

Shares of NASDAQ:EU traded up $0.10 during trading on Friday, reaching $2.19. The stock had a trading volume of 2,273,931 shares, compared to its average volume of 1,674,551. enCore Energy Corp. has a 52 week low of $1.01 and a 52 week high of $4.50. The firm's fifty day moving average is $1.68 and its 200 day moving average is $2.39. The stock has a market cap of $409.59 million, a price-to-earnings ratio of -7.82 and a beta of 1.54.

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

Insider Activity at enCore Energy

In related news, Chairman William M. Sheriff purchased 40,000 shares of enCore Energy stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $1.21 per share, for a total transaction of $48,400.00. Following the completion of the acquisition, the chairman now directly owns 2,310,055 shares of the company's stock, 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 filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

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

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.