Focus Partners Wealth Grows Stake in Energy Fuels Inc $UUUU

Key Points

• Focus Partners Wealth increased its stake in Energy Fuels Inc by 16.0% during Q1, owning 1,236,449 shares valued at approximately $4.61 million.
• Wall Street analysts have mixed ratings for Energy Fuels, with a buy rating from B. Riley and a price target of $9.00, while Roth Capital has downgraded the stock to "neutral" with a $6.00 price target.
• Insider selling has occurred recently, with VP Scott Bakken and VP Saleem Drera significantly reducing their holdings, indicating potential concerns about the company's future.

Focus Partners Wealth grew its stake in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 16.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,236,449 shares of the company's stock after acquiring an additional 170,699 shares during the quarter. Focus Partners Wealth owned 0.62% of Energy Fuels worth $4,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UUUU. Alps Advisors Inc. lifted its holdings in shares of Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after purchasing an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Energy Fuels by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after purchasing an additional 1,231,484 shares in the last quarter. MMCAP International Inc. SPC grew its position in shares of Energy Fuels by 47.7% during the first quarter. MMCAP International Inc. SPC now owns 2,220,525 shares of the company's stock worth $8,283,000 after purchasing an additional 716,714 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Energy Fuels during the first quarter worth about $2,233,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Energy Fuels during the 1st quarter valued at approximately $1,747,000. 48.24% of the stock is owned by institutional investors.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 5,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $13.89, for a total transaction of $69,450.00. Following the sale, the director owned 228,881 shares in the company, valued at $3,179,157.09. This trade represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Saleem Drera sold 266,595 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.01, for a total value of $2,935,210.95. Following the sale, the vice president owned 24,474 shares in the company, valued at $269,458.74. This trade represents a 91.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 598,724 shares of company stock worth $6,487,859 over the last quarter. 1.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UUUU. HC Wainwright increased their price target on Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a report on Wednesday. Roth Capital lowered Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research report on Friday, July 11th. Finally, B. Riley began coverage on Energy Fuels in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $9.25.

Energy Fuels Price Performance

NYSEAMERICAN:UUUU traded up $0.02 during trading hours on Thursday, reaching $14.10. 13,233,910 shares of the company traded hands, compared to its average volume of 13,929,262. The firm's 50-day moving average is $10.38 and its 200-day moving average is $6.71. The stock has a market cap of $3.13 billion, a P/E ratio of -28.78 and a beta of 1.76. Energy Fuels Inc has a 1-year low of $3.20 and a 1-year high of $14.41.

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

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.