Cubist Systematic Strategies LLC Invests $1.75 Million in Energy Fuels Inc $UUUU

Key Points

• Cubist Systematic Strategies LLC recently invested approximately $1.75 million in Energy Fuels Inc, acquiring about 467,735 shares of the company.
• Several analysts have rated Energy Fuels shares with a mix of ratings, with a consensus average target price of $8.19 and the stock currently holding an average rating of "Buy".
• Insider activity showed significant selling, with EVP Timothy James Carstens selling 250,000 shares and a total of 784,336 shares sold by insiders over the past three months.

Cubist Systematic Strategies LLC purchased a new stake in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 467,735 shares of the company's stock, valued at approximately $1,747,000. Cubist Systematic Strategies LLC owned 0.24% of Energy Fuels as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. raised its stake in Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after buying an additional 3,584,798 shares in the last quarter. Focus Partners Wealth bought a new position in Energy Fuels in the fourth quarter worth about $5,467,000. MMCAP International Inc. SPC raised its stake in Energy Fuels by 47.7% in the first quarter. MMCAP International Inc. SPC now owns 2,220,525 shares of the company's stock worth $8,283,000 after buying an additional 716,714 shares in the last quarter. Nuveen LLC bought a new position in Energy Fuels in the first quarter worth about $2,233,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Energy Fuels during the fourth quarter valued at approximately $2,708,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Saleem Drera sold 266,595 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.01, for a total value of $2,935,210.95. Following the completion of the sale, the vice president directly owned 24,474 shares of the company's stock, valued at approximately $269,458.74. This represents a 91.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Lyle Higgs sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $12.20, for a total transaction of $30,500.00. Following the transaction, the director directly owned 253,881 shares in the company, valued at $3,097,348.20. The trade was a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 573,724 shares of company stock valued at $6,159,409 in the last 90 days. Company insiders own 1.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UUUU shares. Roth Capital lowered shares of 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, July 11th. B. Riley started coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. Finally, HC Wainwright restated a "buy" rating and issued a $12.00 price objective (up from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $8.19.

Energy Fuels Stock Up 9.9%

UUUU traded up $1.18 on Tuesday, hitting $13.08. The company had a trading volume of 24,440,323 shares, compared to its average volume of 13,610,230. The company has a market cap of $2.91 billion, a PE ratio of -26.69 and a beta of 1.76. Energy Fuels Inc has a 12-month low of $3.20 and a 12-month high of $13.46. The business's fifty day simple moving average is $9.39 and its 200 day simple moving average is $6.32.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The business had revenue of $4.21 million during the quarter. The firm's quarterly revenue was up –51.7% on a year-over-year basis. On average, analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

About Energy Fuels

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.