Bank of America Corp DE Decreases Holdings in Energy Fuels Inc $UUUU

Key Points

• Bank of America cut its Energy Fuels stake by 52.5% in the first quarter, selling 2.19 million shares and retaining 1.98 million shares worth approximately $36.2 million. Institutional investors collectively own 48.24% of UUUU.
• Energy Fuels shares opened at $15.10, up 3.6%, but the company reported a quarterly loss of $0.13 per share, missing estimates by $0.09, alongside a negative net margin of 77.75%.
• Analyst sentiment remains moderately bullish, with five Buy ratings, one Hold and one Sell; the consensus price target is $21.80. Meanwhile, the CEO and a director purchased shares in July.

Bank of America Corp DE cut its position in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 52.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983,914 shares of the company's stock after selling 2,193,710 shares during the period. Bank of America Corp DE owned about 0.84% of Energy Fuels worth $36,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in UUUU. TD Waterhouse Canada Inc. boosted its position in Energy Fuels by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 30,574 shares of the company's stock valued at $442,000 after buying an additional 500 shares during the period. IFP Advisors Inc lifted its stake in shares of Energy Fuels by 7.7% during the fourth quarter. IFP Advisors Inc now owns 7,173 shares of the company's stock worth $104,000 after buying an additional 511 shares during the period. Sound Income Strategies LLC raised its position in Energy Fuels by 17.1% during the 1st quarter. Sound Income Strategies LLC now owns 4,100 shares of the company's stock worth $74,000 after buying an additional 600 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Energy Fuels by 3.6% during the first quarter. Wealthfront Advisers LLC now owns 19,697 shares of the company's stock worth $359,000 after purchasing an additional 677 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company's stock valued at $25,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Energy Fuels Stock Up 3.6%

UUUU 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 firm has a 50 day simple moving average of $13.65 and a 200-day simple moving average of $17.83. The company has a current ratio of 27.90, a quick ratio of 25.59 and a debt-to-equity ratio of 0.85. Energy Fuels Inc has a twelve month low of $8.16 and a twelve month high of $27.90.

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

Insider Activity

In other news, CEO Ross R. Bhappu bought 74,000 shares of the firm's stock in a transaction 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 owned 256,583 shares in the company, valued at approximately $3,356,105.64. This trade represents a 40.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce D. Hansen bought 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of $12.70 per share, with a total value of $50,800.00. Following the transaction, the director directly owned 313,844 shares in the company, valued at $3,985,818.80. This represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Energy Fuels from $29.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, June 12th. UBS Group upgraded Energy Fuels to a "neutral" rating in a research report on Friday. Zacks Research downgraded shares of Energy Fuels from a "hold" rating to a "strong sell" rating in a report on Tuesday. HC Wainwright restated a "buy" rating and set a $29.00 price objective on shares of Energy Fuels in a research report on Monday, June 22nd. Finally, BMO Capital Markets began coverage on shares of Energy Fuels in a research report on Friday. They set an "outperform" rating and a $18.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.80.

Energy Fuels Company 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.

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