JPMorgan Chase & Co. Boosts Stock Position in Energy Fuels Inc $UUUU

JPMorgan Chase & Co. raised its position in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) by 685.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 912,120 shares of the company’s stock after purchasing an additional 795,929 shares during the quarter. JPMorgan Chase & Co.’s holdings in Energy Fuels were worth $14,001,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UUUU. AQR Capital Management LLC purchased a new stake in Energy Fuels during the first quarter valued at $871,000. NewEdge Advisors LLC boosted its position in shares of Energy Fuels by 67.7% in the first quarter. NewEdge Advisors LLC now owns 57,876 shares of the company’s stock worth $216,000 after purchasing an additional 23,356 shares during the period. Bessemer Group Inc. increased its stake in shares of Energy Fuels by 19,230.8% in the second quarter. Bessemer Group Inc. now owns 7,539 shares of the company’s stock worth $43,000 after purchasing an additional 7,500 shares in the last quarter. Bank of Montreal Can raised its position in shares of Energy Fuels by 11.1% during the 2nd quarter. Bank of Montreal Can now owns 613,750 shares of the company’s stock valued at $3,549,000 after purchasing an additional 61,218 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Energy Fuels during the 2nd quarter valued at $595,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Energy Fuels Stock Performance

NYSEAMERICAN UUUU opened at $21.81 on Thursday. Energy Fuels Inc has a 1-year low of $3.20 and a 1-year high of $27.90. The company has a market cap of $5.18 billion, a PE ratio of -57.39 and a beta of 1.42. The stock’s 50 day simple moving average is $20.80 and its 200-day simple moving average is $17.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 30.69 and a quick ratio of 28.34.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Energy Fuels had a negative return on equity of 13.15% and a negative net margin of 130.63%. As a group, equities research analysts anticipate that Energy Fuels Inc will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UUUU. B. Riley Financial upped their price target on Energy Fuels to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm upgraded Energy Fuels from a “sell” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $15.50 in a research report on Wednesday, January 28th. HC Wainwright increased their price target on Energy Fuels from $26.75 to $27.25 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group initiated coverage on Energy Fuels in a report on Tuesday, February 10th. They issued a “buy” rating and a $30.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.94.

Insider Activity at Energy Fuels

In other Energy Fuels news, VP Curtis Moore sold 10,000 shares of Energy Fuels stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $23.12, for a total value of $231,200.00. Following the completion of the transaction, the vice president directly owned 112,415 shares of the company’s stock, valued at $2,599,034.80. The trade was a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy James Carstens sold 59,594 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total transaction of $889,738.42. Following the sale, the executive vice president directly owned 107,435 shares in the company, valued at $1,604,004.55. This represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 108,463 shares of company stock worth $1,677,543 in the last three months. 1.77% of the stock is owned by company insiders.

About Energy Fuels

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.