Kingstone Capital Partners Texas LLC Takes $29.53 Million Position in Energy Fuels Inc $UUUU

Key Points

• Kingstone Capital Partners Texas LLC has made a significant investment of $29.53 million in Energy Fuels Inc, purchasing over 5 million shares, which now accounts for 2.58% of the company's stock.
• Several institutional investors have increased their stakes in Energy Fuels, with 48.24% of the stock now owned by hedge funds and institutional investors.
• Energy Fuels recently faced a missed earnings estimate for the quarter, reporting a loss of $0.10 per share against a consensus estimate of -$0.04.

Kingstone Capital Partners Texas LLC acquired a new position in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,134,800 shares of the company's stock, valued at approximately $29,525,000. Kingstone Capital Partners Texas LLC owned 2.58% of Energy Fuels at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Byrne Asset Management LLC raised its holdings in shares of Energy Fuels by 114.6% during the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after purchasing an additional 4,127 shares during the last quarter. Adams Wealth Management purchased a new stake in Energy Fuels in the 1st quarter valued at $37,000. CacheTech Inc. purchased a new position in Energy Fuels in the 1st quarter valued at about $37,000. Joel Isaacson & Co. LLC acquired a new stake in Energy Fuels during the 1st quarter worth approximately $38,000. Finally, Wealthspan Partners LLC lifted its stake in Energy Fuels by 30.0% during the first quarter. Wealthspan Partners LLC now owns 13,000 shares of the company's stock worth $48,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Insiders Place Their Bets

In related news, VP Scott Bakken sold 4,629 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $12.00, for a total value of $55,548.00. Following the transaction, the vice president directly owned 108,817 shares of the company's stock, valued at approximately $1,305,804. This trade represents a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Lyle Higgs sold 6,000 shares of Energy Fuels stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.88, for a total transaction of $89,280.00. Following the completion of the sale, the director owned 218,881 shares of the company's stock, valued at $3,256,949.28. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 618,724 shares of company stock valued at $6,782,959. Company insiders own 1.92% of the company's stock.

Energy Fuels Price Performance

Shares of UUUU traded up $0.38 during mid-day trading on Tuesday, hitting $15.95. The stock had a trading volume of 9,969,724 shares, compared to its average volume of 10,629,094. The business has a fifty day moving average price of $10.72 and a 200-day moving average price of $6.86. Energy Fuels Inc has a 52 week low of $3.20 and a 52 week high of $16.47. The firm has a market cap of $3.55 billion, a P/E ratio of -32.55 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $4.21 million during the quarter. Energy Fuels's revenue for the quarter was up –51.7% on a year-over-year basis. As a group, research analysts expect that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UUUU. 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 on the stock. Roth Capital lowered Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research note on Friday, July 11th. Finally, HC Wainwright increased their price objective on Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Energy Fuels presently has an average rating of "Buy" and an average target price of $9.25.

Energy Fuels Company 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.