Vident Advisory LLC Has $6.61 Million Stock Position in enCore Energy Corp. (NASDAQ:EU)

Vident Advisory LLC decreased its holdings in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,960,175 shares of the company's stock after selling 238,028 shares during the quarter. Vident Advisory LLC owned about 1.05% of enCore Energy worth $6,610,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EU. Azarias Capital Management L.P. lifted its position 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 worth $18,230,000 after acquiring an additional 342,657 shares during the period. Invesco Ltd. lifted its position in shares of enCore Energy by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,873,993 shares of the company's stock worth $13,210,000 after acquiring an additional 145,459 shares during the period. Wells Fargo & Company MN lifted its position in shares of enCore Energy by 44.9% in the 4th quarter. Wells Fargo & Company MN now owns 91,641 shares of the company's stock worth $312,000 after acquiring an additional 28,392 shares during the period. Raymond James Financial Inc. bought a new stake in shares of enCore Energy in the 4th quarter worth approximately $38,000. Finally, Savant Capital LLC bought a new stake in shares of enCore Energy in the 4th quarter worth approximately $36,000. Institutional investors own 20.86% of the company's stock.

Insider Buying and Selling

In related news, Chairman William M. Sheriff bought 40,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the transaction, the chairman now directly owns 2,310,055 shares of the company's stock, valued at $2,795,166.55. This represents a 1.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

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

enCore Energy Stock Up 23.1%

Shares of EU stock traded up $0.37 during mid-day trading on Friday, reaching $1.97. The stock had a trading volume of 7,368,785 shares, compared to its average volume of 1,581,815. The firm's 50 day simple moving average is $1.48 and its 200 day simple moving average is $2.55. enCore Energy Corp. has a one year low of $1.01 and a one year high of $4.96. The firm has a market cap of $368.09 million, a PE ratio of -7.04 and a beta of 1.19.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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. Sell-side analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

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.