MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,231,484 Shares of Energy Fuels Inc $UUUU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Energy Fuels Inc by 10.8%, acquiring an additional 1,231,484 shares, totaling approximately $46.9 million.
• In the last ninety days, insiders sold 784,336 shares valued at about $7.3 million, indicating significant reductions in their ownership positions.
• Energy Fuels recently reported an earnings per share (EPS) of ($0.10), missing estimates, and had a negative net margin of 143.05% for the quarter.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,670,863 shares of the company's stock after acquiring an additional 1,231,484 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 6.38% of Energy Fuels worth $46,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UUUU. Lionstone Capital Management LLC acquired a new position in Energy Fuels in the 4th quarter worth about $35,000. Byrne Asset Management LLC grew its stake in Energy Fuels by 114.6% in the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after acquiring an additional 4,127 shares during the period. Adams Wealth Management bought a new position in shares of Energy Fuels in the first quarter valued at approximately $37,000. CacheTech Inc. bought a new stake in Energy Fuels during the first quarter worth $37,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Energy Fuels during the first quarter worth $38,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UUUU shares. HC Wainwright reiterated a "buy" rating and issued a $12.00 price target (up from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. 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 note 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 target price for the company. One 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 stock presently has a consensus rating of "Buy" and a consensus price target of $8.19.

Energy Fuels Trading Up 9.9%

NYSEAMERICAN:UUUU traded up $1.18 during mid-day trading on Tuesday, hitting $13.08. The stock had a trading volume of 24,440,323 shares, compared to its average volume of 13,610,230. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -26.69 and a beta of 1.76. The company has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $6.32. Energy Fuels Inc has a 52 week low of $3.20 and a 52 week high of $13.46.

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

Insider Activity at Energy Fuels

In related news, VP Saleem Drera sold 266,595 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the transaction, the vice president owned 24,474 shares of the company's stock, valued at approximately $269,458.74. The trade was a 91.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dennis Lyle Higgs sold 20,000 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total transaction of $235,800.00. Following the completion of the sale, the director owned 256,381 shares in the company, valued at $3,022,731.99. This represents a 7.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 573,724 shares of company stock worth $6,159,409. 1.92% of the stock is owned by insiders.

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.