Goehring & Rozencwajg Associates LLC Cuts Stock Holdings in enCore Energy Corp. (NASDAQ:EU)

Goehring & Rozencwajg Associates LLC cut its stake in enCore Energy Corp. (NASDAQ:EU) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,136,521 shares of the company’s stock after selling 25,127 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in enCore Energy were worth $3,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EU. SG Americas Securities LLC grew its holdings in enCore Energy by 10.2% during the 4th quarter. SG Americas Securities LLC now owns 113,517 shares of the company’s stock worth $387,000 after acquiring an additional 10,469 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of enCore Energy by 6.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company’s stock worth $328,000 after purchasing an additional 5,067 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of enCore Energy during the third quarter worth $60,000. Tidal Investments LLC increased its holdings in enCore Energy by 48.7% in the third quarter. Tidal Investments LLC now owns 38,697 shares of the company’s stock valued at $156,000 after buying an additional 12,672 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in enCore Energy in the third quarter valued at $128,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at enCore Energy

In other news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 2,144,055 shares in the company, valued at approximately $7,611,395.25. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

enCore Energy Trading Down 2.0 %

EU stock opened at $2.92 on Friday. The stock has a market cap of $543.46 million, a P/E ratio of -10.43 and a beta of 0.12. enCore Energy Corp. has a twelve month low of $2.91 and a twelve month high of $5.05. The company’s 50 day moving average is $3.41 and its two-hundred day moving average is $3.63.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a research report on Tuesday, November 19th.

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.