Bridgewater Associates LP Sells 10,546 Shares of enCore Energy Corp. (NASDAQ:EU)

Bridgewater Associates LP lessened its position in enCore Energy Corp. (NASDAQ:EU) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,449 shares of the company’s stock after selling 10,546 shares during the period. Bridgewater Associates LP owned about 0.11% of enCore Energy worth $798,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rathbones Group PLC acquired a new stake in enCore Energy during the 2nd quarter valued at $39,000. Xponance Inc. acquired a new stake in shares of enCore Energy during the 2nd quarter worth about $43,000. Sei Investments Co. bought a new stake in shares of enCore Energy during the 2nd quarter worth about $46,000. Virtu Financial LLC acquired a new position in enCore Energy in the 1st quarter valued at about $84,000. Finally, Principal Financial Group Inc. lifted its position in enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after acquiring an additional 3,652 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EU shares. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Price Performance

Shares of NASDAQ EU opened at $3.74 on Tuesday. The stock has a market capitalization of $695.97 million, a PE ratio of -13.36 and a beta of 0.05. enCore Energy Corp. has a fifty-two week low of $3.02 and a fifty-two week high of $5.05. The business has a fifty day moving average price of $3.96 and a two-hundred day moving average price of $3.92.

enCore Energy 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.