Empowered Funds LLC Boosts Stake in Energy Fuels Inc $UUUU

Empowered Funds LLC boosted its stake in Energy Fuels Inc (NYSEAMERICAN:UUUU) by 4,108.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 511,478 shares of the company’s stock after purchasing an additional 499,324 shares during the period. Empowered Funds LLC’s holdings in Energy Fuels were worth $9,334,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Energy Fuels by 26.1% during the fourth quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock worth $217,449,000 after buying an additional 3,095,806 shares during the period. Bank of America Corp DE boosted its holdings in Energy Fuels by 93.6% during the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock valued at $25,105,000 after acquiring an additional 2,111,466 shares during the period. Morgan Stanley increased its stake in Energy Fuels by 108.7% during the fourth quarter. Morgan Stanley now owns 3,952,694 shares of the company’s stock worth $57,472,000 after purchasing an additional 2,058,920 shares during the period. Van ECK Associates Corp lifted its position in shares of Energy Fuels by 18.8% during the fourth quarter. Van ECK Associates Corp now owns 12,108,694 shares of the company’s stock worth $176,052,000 after purchasing an additional 1,913,952 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Energy Fuels by 530.6% in the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company’s stock valued at $11,892,000 after purchasing an additional 1,740,183 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Insiders Place Their Bets

In other Energy Fuels news, CEO Ross R. Bhappu purchased 74,000 shares of Energy Fuels stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of $13.08 per share, for a total transaction of $967,920.00. Following the transaction, the chief executive officer directly owned 256,583 shares in the company, valued at $3,356,105.64. This trade represents a 40.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce D. Hansen purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average price of $12.70 per share, with a total value of $50,800.00. Following the purchase, the director owned 313,844 shares in the company, valued at $3,985,818.80. This trade represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.97% of the company’s stock.

Energy Fuels Stock Up 3.6%

Energy Fuels stock opened at $15.10 on Friday. The company has a market capitalization of $3.77 billion, a P/E ratio of -47.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.59 and a current ratio of 27.90. Energy Fuels Inc has a fifty-two week low of $8.16 and a fifty-two week high of $27.90. The stock has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $17.83.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $25.11 million for the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. Equities research analysts expect that Energy Fuels Inc will post -0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UUUU. Zacks Research lowered shares of Energy Fuels from a “hold” rating to a “strong sell” rating in a report on Tuesday. BMO Capital Markets started coverage on shares of Energy Fuels in a research note on Friday. They issued an “outperform” rating and a $18.00 price target for the company. B. Riley Financial cut their price objective on Energy Fuels from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. The Goldman Sachs Group reduced their price objective on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Finally, Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Energy Fuels Profile

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.