1,349,502 Energy Fuels Inc $UUUU Shares Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Energy Fuels stake by 13.9%, buying 1,349,502 shares in the third quarter. It held 11.06 million shares, about 4.18% of the company, valued at roughly $122 million.
• Energy Fuels reported quarterly revenue of $29.18 million, up 64.8% year over year, but its loss of $0.20 per share was twice analysts’ expected loss of $0.10.
• Analysts’ consensus rating is Moderate Buy, with a consensus price target of $19.30. Shares opened at $6.66, below their 50-day and 200-day moving averages.

Alps Advisors Inc. boosted its position in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 13.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,060,390 shares of the company's stock after buying an additional 1,349,502 shares during the quarter. Energy Fuels makes up about 0.5% of Alps Advisors Inc.'s holdings, making the stock its 23rd largest position. Alps Advisors Inc. owned about 4.18% of Energy Fuels worth $121,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of Energy Fuels by 4,108.3% in the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company's stock worth $9,334,000 after buying an additional 499,324 shares during the period. Sapient Capital LLC bought a new position in Energy Fuels during the 1st quarter valued at $6,486,000. Renaissance Technologies LLC acquired a new stake in Energy Fuels in the 1st quarter valued at about $11,640,000. Goehring & Rozencwajg Associates LLC boosted its holdings in Energy Fuels by 20.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company's stock worth $27,099,000 after purchasing an additional 255,494 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Energy Fuels in the second quarter valued at about $9,331,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Energy Fuels Stock Performance

Shares of UUUU stock opened at $6.66 on Friday. The company's fifty day moving average price is $10.54 and its 200-day moving average price is $15.99. Energy Fuels Inc has a 12 month low of $6.21 and a 12 month high of $27.90. The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.87 and a current ratio of 27.90.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The company had revenue of $29.18 million during the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The firm's revenue was up 64.8% compared to the same quarter last year. Equities analysts expect that Energy Fuels Inc will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UUUU shares. Roth Capital upgraded Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a report on Friday, August 7th. HC Wainwright cut their price objective on shares of Energy Fuels from $29.25 to $22.50 and set a "buy" rating on the stock in a research note on Thursday. UBS Group raised Energy Fuels to a "neutral" rating in a report on Friday, August 14th. Zacks Research raised shares of Energy Fuels from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Finally, BMO Capital Markets initiated coverage on shares of Energy Fuels in a research report on Friday, August 14th. They issued an "outperform" rating and a $18.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.30.

Energy Fuels Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.

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