enCore Energy Corp. (NASDAQ:EU) Shares Sold by Lloyd Harbor Capital Management LLC

Lloyd Harbor Capital Management LLC reduced 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 13F filing with the Securities and Exchange Commission. The fund owned 1,784,200 shares of the company's stock after selling 700,000 shares during the period. enCore Energy comprises approximately 4.0% of Lloyd Harbor Capital Management LLC's portfolio, making the stock its 11th largest position. Lloyd Harbor Capital Management LLC owned approximately 0.96% of enCore Energy worth $6,084,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EU. Savant Capital LLC acquired a new stake in enCore Energy during the 4th quarter worth $36,000. Raymond James Financial Inc. acquired a new stake in enCore Energy during the 4th quarter worth $38,000. Shakespeare Wealth Management LLC acquired a new stake in enCore Energy during the 4th quarter worth $52,000. LPL Financial LLC acquired a new stake in enCore Energy during the 4th quarter worth $56,000. Finally, Cibc World Markets Corp acquired a new stake in enCore Energy during the 4th quarter worth $58,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman William M. Sheriff purchased 40,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $1.21 per share, with a total value of $48,400.00. Following the completion of the transaction, the chairman now owns 2,310,055 shares of the company's stock, valued at approximately $2,795,166.55. This trade represents a 1.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

enCore Energy Price Performance

Shares of NASDAQ EU traded down $0.09 on Friday, hitting $1.64. The company's stock had a trading volume of 2,306,596 shares, compared to its average volume of 1,551,999. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.96. The company has a market capitalization of $306.17 million, a price-to-earnings ratio of -5.86 and a beta of 1.19. The stock has a 50 day moving average of $1.46 and a 200-day moving average of $2.62.

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

Analysts Set New Price Targets

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

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.