Empowered Funds LLC Raises Position in Energy Fuels Inc $UUUU

Key Points

• Empowered Funds LLC increased its Energy Fuels stake by 4,108.3% in the first quarter, acquiring 499,324 additional shares for a total holding of 511,478 shares valued at approximately $9.3 million.
• Energy Fuels reported a quarterly loss of $0.13 per share, missing the $0.04 loss consensus estimate, while generating $25.11 million in revenue. Analysts expect a full-year loss of $0.25 per share.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $21.80 versus the stock’s reported price of $15.10; insiders also recently purchased shares.

Empowered Funds LLC boosted its position in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 4,108.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,478 shares of the company's stock after buying an additional 499,324 shares during the period. Empowered Funds LLC owned 0.20% of Energy Fuels worth $9,334,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Rathbones Group PLC boosted its stake in shares of Energy Fuels by 1.9% in the first quarter. Rathbones Group PLC now owns 64,845 shares of the company's stock worth $1,183,000 after acquiring an additional 1,200 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Energy Fuels in the 1st quarter valued at $9,845,000. Amundi purchased a new position in Energy Fuels in the 1st quarter valued at $368,000. Royal Bank of Canada lifted its holdings in Energy Fuels by 876.1% in the 1st quarter. Royal Bank of Canada now owns 874,126 shares of the company's stock valued at $15,953,000 after purchasing an additional 986,758 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Energy Fuels by 0.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 789,638 shares of the company's stock worth $14,431,000 after purchasing an additional 3,732 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

Insider Buying and Selling

In other Energy Fuels news, CEO Ross R. Bhappu acquired 74,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of $13.08 per share, for a total transaction of $967,920.00. Following the completion of the transaction, the chief executive officer owned 256,583 shares of the company's stock, valued at approximately $3,356,105.64. The trade was a 40.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce D. Hansen bought 4,000 shares of the business's stock in a transaction on Wednesday, July 8th. The shares were acquired at an average cost of $12.70 per share, with a total value of $50,800.00. Following the purchase, the director owned 313,844 shares of the company's stock, valued at $3,985,818.80. The trade was a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.97% of the company's stock.

Energy Fuels Price Performance

Energy Fuels stock opened at $15.10 on Friday. The company has a current ratio of 27.90, a quick ratio of 25.59 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $13.65 and a 200 day moving average price of $17.83. Energy Fuels Inc has a 12-month low of $8.16 and a 12-month high of $27.90. The stock has a market cap of $3.77 billion, a P/E ratio of -47.19 and a beta of 1.53.

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

Analyst Ratings Changes

UUUU has been the subject of a number of research reports. UBS Group raised shares of Energy Fuels to a "neutral" rating in a report on Friday. HC Wainwright reissued a "buy" rating and issued a $29.00 price target on shares of Energy Fuels in a research note on Monday, June 22nd. The Goldman Sachs Group lowered their price target on shares of Energy Fuels from $29.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, June 12th. Roth Capital raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Friday, August 7th. Finally, Zacks Research downgraded shares of Energy Fuels from a "hold" rating to a "strong sell" rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Energy Fuels has a consensus rating of "Moderate Buy" and an average price target of $21.80.

About Energy Fuels

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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