UNIVEST FINANCIAL Corp Sells 19,995 Shares of enCore Energy Corp. (NASDAQ:EU)

UNIVEST FINANCIAL Corp cut its stake in enCore Energy Corp. (NASDAQ:EU) by 56.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,205 shares of the company’s stock after selling 19,995 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in enCore Energy were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC acquired a new position in shares of enCore Energy in the 4th quarter worth approximately $36,000. Raymond James Financial Inc. bought a new position in enCore Energy in the 4th quarter valued at $38,000. LPL Financial LLC acquired a new position in enCore Energy in the fourth quarter worth $56,000. Cibc World Markets Corp bought a new stake in enCore Energy during the 4th quarter worth about $58,000. Finally, Franklin Resources Inc. bought a new stake in shares of enCore Energy during the third quarter valued at approximately $60,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on enCore Energy from $7.00 to $2.75 and set a “buy” rating on the stock in a research note on Tuesday, March 18th.

Insider Activity at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff sold 24,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.20, for a total value of $76,800.00. Following the sale, the chairman now directly owns 2,120,055 shares in the company, valued at approximately $6,784,176. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

enCore Energy Price Performance

EU opened at $1.39 on Friday. The firm has a 50 day simple moving average of $2.46 and a 200 day simple moving average of $3.29. enCore Energy Corp. has a fifty-two week low of $1.26 and a fifty-two week high of $5.05. The company has a market cap of $258.90 million, a price-to-earnings ratio of -4.96 and a beta of 0.38.

enCore Energy (NASDAQ:EU) last issued its earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $13.36 million for the quarter, compared to the consensus estimate of $14.30 million. As a group, analysts expect that enCore Energy Corp. will post -0.2 EPS for the current year.

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.