MMCAP International Inc. SPC grew its position in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 47.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,220,525 shares of the company's stock after purchasing an additional 716,714 shares during the quarter. Energy Fuels makes up about 1.4% of MMCAP International Inc. SPC's portfolio, making the stock its 21st largest position. MMCAP International Inc. SPC owned 1.12% of Energy Fuels worth $8,283,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UUUU. Cetera Investment Advisers boosted its stake in Energy Fuels by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 107,346 shares of the company's stock worth $552,000 after acquiring an additional 2,640 shares in the last quarter. Wealthspan Partners LLC boosted 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 acquiring an additional 3,000 shares in the last quarter. Mariner LLC boosted its stake in Energy Fuels by 27.5% during the fourth quarter. Mariner LLC now owns 14,735 shares of the company's stock worth $76,000 after acquiring an additional 3,179 shares in the last quarter. Byrne Asset Management LLC boosted its stake in Energy Fuels by 114.6% during the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after acquiring an additional 4,127 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Energy Fuels by 0.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 908,550 shares of the company's stock worth $4,665,000 after acquiring an additional 4,360 shares in the last quarter. 48.24% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
UUUU has been the topic of several research reports. B. Riley initiated coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective on the stock. Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a report on Friday, July 11th. Finally, HC Wainwright restated a "buy" rating and set a $12.00 price objective (up previously from $10.00) on shares of Energy Fuels in a report on Friday, August 8th.
Check Out Our Latest Analysis on UUUU
Insider Activity at Energy Fuels
In other Energy Fuels news, EVP Timothy James Carstens sold 250,000 shares of Energy Fuels stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the completion of the sale, the executive vice president directly owned 267,029 shares in the company, valued at $2,787,782.76. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 468,597 shares of company stock valued at $3,802,142 in the last three months. 1.77% of the stock is currently owned by company insiders.
Energy Fuels Trading Up 2.9%
Shares of UUUU stock traded up $0.28 during trading hours on Thursday, reaching $9.79. The stock had a trading volume of 10,790,726 shares, compared to its average volume of 12,884,766. The stock's fifty day simple moving average is $7.47 and its 200 day simple moving average is $5.63. Energy Fuels Inc has a 12 month low of $3.20 and a 12 month high of $10.74. The firm has a market capitalization of $2.18 billion, a PE ratio of -19.98 and a beta of 1.71.
Energy Fuels Company Profile
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Free Report)
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.
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