Lloyd Harbor Capital Management LLC decreased its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,784,200 shares of the company's stock after selling 700,000 shares during the period. enCore Energy comprises 4.0% of Lloyd Harbor Capital Management LLC's portfolio, making the stock its 11th biggest position. Lloyd Harbor Capital Management LLC owned about 0.96% of enCore Energy worth $6,084,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of enCore Energy by 48.7% during the third quarter. Tidal Investments LLC now owns 38,697 shares of the company's stock valued at $156,000 after purchasing an additional 12,672 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in enCore Energy by 6.7% in the third quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company's stock valued at $328,000 after acquiring an additional 5,067 shares during the last quarter. SG Americas Securities LLC boosted its stake in enCore Energy by 10.2% in the fourth quarter. SG Americas Securities LLC now owns 113,517 shares of the company's stock valued at $387,000 after acquiring an additional 10,469 shares during the last quarter. Savant Capital LLC bought a new position in enCore Energy in the fourth quarter valued at approximately $36,000. Finally, Van ECK Associates Corp boosted its stake in enCore Energy by 79.8% in the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company's stock valued at $14,929,000 after acquiring an additional 1,943,731 shares during the last quarter. Institutional investors and hedge funds own 20.86% of the company's stock.
enCore Energy Price Performance
Shares of NASDAQ EU opened at $1.70 on Monday. The company's fifty day moving average is $1.45 and its 200-day moving average is $2.69. The stock has a market cap of $317.37 million, a price-to-earnings ratio of -6.07 and a beta of 1.19. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.96.
enCore Energy (NASDAQ:EU - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share 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 the consensus estimate of $14.30 million. On average, research analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Chairman William M. Sheriff acquired 40,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired 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 in the company, valued at approximately $2,795,166.55. The trade was a 1.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reduced their price objective on shares of enCore Energy from $7.00 to $2.75 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.
Check Out Our Latest Research Report on EU
enCore Energy Company Profile
(
Free Report)
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.
Featured Stories
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