150,700 Shares of IsoEnergy Ltd. $ISOU Purchased by Acasta Partners UK LLP

Key Points

• Acasta Partners UK LLP purchased 150,700 IsoEnergy shares worth approximately $1.34 million, giving it a 0.23% stake and making IsoEnergy its 15th-largest holding.
• Several institutional investors also increased or initiated positions, including Firetrail Investments, Ausbil Investment Management, Rockbridge Asset Management, and Bank of America.
• Royal Bank of Canada initiated coverage with an “outperform” rating; combined analyst coverage gives IsoEnergy an average “Strong Buy” rating. The stock rose 1.4% to $9.30 in Monday trading.

Acasta Partners UK LLP purchased a new stake in shares of IsoEnergy Ltd. (NYSEAMERICAN:ISOU - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 150,700 shares of the company's stock, valued at approximately $1,341,000. IsoEnergy accounts for 0.6% of Acasta Partners UK LLP's investment portfolio, making the stock its 15th largest holding. Acasta Partners UK LLP owned about 0.23% of IsoEnergy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in IsoEnergy by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 932,342 shares of the company's stock worth $9,046,000 after acquiring an additional 7,665 shares in the last quarter. Rockbridge Asset Management LLC bought a new position in shares of IsoEnergy during the second quarter valued at approximately $100,000. Firetrail Investments PTY Ltd. bought a new position in shares of IsoEnergy during the second quarter valued at approximately $2,903,000. Ausbil Investment Management Ltd purchased a new position in shares of IsoEnergy during the second quarter valued at approximately $375,000. Finally, Bank of America Corp DE lifted its holdings in shares of IsoEnergy by 13.5% during the first quarter. Bank of America Corp DE now owns 112,090 shares of the company's stock valued at $1,181,000 after purchasing an additional 13,363 shares during the last quarter.

Analyst Ratings Changes

Separately, Royal Bank Of Canada began coverage on IsoEnergy in a research note on Thursday. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, IsoEnergy has an average rating of "Strong Buy".

IsoEnergy Trading Up 1.4%

NYSEAMERICAN:ISOU traded up $0.13 on Monday, reaching $9.30. 40,445 shares of the stock traded hands, compared to its average volume of 134,489. The company has a market capitalization of $606.91 million, a price-to-earnings ratio of -54.76 and a beta of 1.87. IsoEnergy Ltd. has a 12 month low of $7.19 and a 12 month high of $13.58. The company's fifty day simple moving average is $10.40 and its 200 day simple moving average is $10.68.

IsoEnergy Profile

IsoEnergy Ltd. is a mineral exploration and development company focused on the discovery and advancement of uranium resources. The company's primary activities include acquiring, exploring and evaluating prospective uranium properties, with the goal of developing projects that may support future mining operations.

IsoEnergy's principal asset is the Hurricane uranium deposit, located on the Larocque East property in Saskatchewan's Athabasca Basin. The Athabasca Basin is one of the world's leading uranium-producing regions and is known for high-grade uranium deposits.

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