Alps Advisors Inc. Grows Position in Energy Fuels Inc (NYSEAMERICAN:UUUU)

Alps Advisors Inc. raised its stake in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 29.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 15,933,699 shares of the company's stock after purchasing an additional 3,584,798 shares during the period. Energy Fuels accounts for about 0.3% of Alps Advisors Inc.'s investment portfolio, making the stock its 23rd biggest holding. Alps Advisors Inc. owned approximately 8.02% of Energy Fuels worth $59,433,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its stake in shares of Energy Fuels by 6.1% in the fourth quarter. Northern Trust Corp now owns 1,155,495 shares of the company's stock worth $5,928,000 after acquiring an additional 66,202 shares during the period. Millennium Management LLC boosted its stake in shares of Energy Fuels by 682.4% in the fourth quarter. Millennium Management LLC now owns 155,400 shares of the company's stock worth $797,000 after acquiring an additional 135,538 shares during the period. Summit Financial LLC bought a new position in shares of Energy Fuels in the fourth quarter worth about $4,840,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Energy Fuels by 99.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,156 shares of the company's stock worth $1,468,000 after acquiring an additional 142,733 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Energy Fuels in the fourth quarter worth about $81,000. Institutional investors own 48.24% of the company's stock.

Energy Fuels Price Performance

UUUU traded up $0.15 during trading on Friday, reaching $6.66. 12,191,425 shares of the company's stock were exchanged, compared to its average volume of 9,154,416. Energy Fuels Inc has a 1 year low of $3.20 and a 1 year high of $7.47. The stock has a market capitalization of $1.32 billion, a P/E ratio of -15.49 and a beta of 1.68. The company's fifty day simple moving average is $5.31 and its 200-day simple moving average is $5.02.

Insider Buying and Selling at Energy Fuels

In related news, VP Timothy James Carstens sold 210,612 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total value of $1,147,835.40. Following the completion of the sale, the vice president owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. The trade was a 28.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 218,597 shares of company stock worth $1,192,142. 1.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. HC Wainwright decreased their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a report on Friday.

Energy Fuels 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.