Shell Asset Management Co. Raises Holdings in Energy Fuels Inc $UUUU

Shell Asset Management Co. increased its stake in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) by 149.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 753,703 shares of the company’s stock after purchasing an additional 451,250 shares during the quarter. Shell Asset Management Co.’s holdings in Energy Fuels were worth $4,334,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in shares of Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company’s stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Energy Fuels by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company’s stock worth $46,927,000 after purchasing an additional 1,231,484 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Fuels during the 2nd quarter worth $29,525,000. MMCAP International Inc. SPC lifted its stake in shares of Energy Fuels by 47.7% during the 1st quarter. MMCAP International Inc. SPC now owns 2,220,525 shares of the company’s stock worth $8,283,000 after purchasing an additional 716,714 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Energy Fuels by 22.8% during the 1st quarter. Vident Advisory LLC now owns 2,068,860 shares of the company’s stock worth $7,717,000 after purchasing an additional 384,257 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy James Carstens sold 250,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the transaction, the executive vice president owned 267,029 shares in the company, valued at $2,787,782.76. This trade represents a 48.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Saleem Drera sold 266,595 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.01, for a total value of $2,935,210.95. Following the transaction, the vice president owned 24,474 shares in the company, valued at $269,458.74. This trade represents a 91.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 618,724 shares of company stock worth $6,782,959. Corporate insiders own 1.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UUUU. Roth Capital cut Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price target for the company. in a research note on Friday, July 11th. B. Riley began coverage on Energy Fuels in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 price target for the company. Finally, HC Wainwright increased their price target on Energy Fuels from $12.00 to $16.25 and gave the company a “buy” rating in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.25.

Energy Fuels Stock Up 4.0%

Energy Fuels stock opened at $17.59 on Wednesday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -35.90 and a beta of 1.79. Energy Fuels Inc has a 52 week low of $3.20 and a 52 week high of $19.01. The business’s 50-day moving average price is $12.34 and its 200 day moving average price is $7.82.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The company’s revenue for the quarter was up –51.7% compared to the same quarter last year. Equities analysts expect that Energy Fuels Inc will post -0.1 EPS for the current year.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.