Sound Income Strategies LLC Takes $114,000 Position in Energy Fuels Inc $UUUU

Key Points

• Sound Income Strategies LLC has acquired a new position in Energy Fuels Inc by purchasing 19,880 shares valued at approximately $114,000 in the second quarter.
• Institutional investors collectively hold 48.24% of the company's stock, with multiple funds increasing their stakes in Energy Fuels during the first quarter.
• Analysts have mixed ratings on Energy Fuels, with one stating it as a "Strong Buy," two recommending "Buy," and one rating it as "Hold," alongside a consensus target price of $9.25.

Sound Income Strategies LLC purchased a new stake in Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,880 shares of the company's stock, valued at approximately $114,000.

Several other large investors have also modified their holdings of the business. Alps Advisors Inc. raised its holdings in shares of Energy Fuels by 29.0% in the 1st 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. raised its holdings in shares of Energy Fuels by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after purchasing an additional 1,231,484 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Energy Fuels in the 2nd quarter valued at about $29,525,000. MMCAP International Inc. SPC raised its holdings in shares of Energy Fuels by 47.7% in the 1st quarter. MMCAP International Inc. SPC now owns 2,220,525 shares of the company's stock valued at $8,283,000 after purchasing an additional 716,714 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Energy Fuels by 22.8% in the 1st quarter. Vident Advisory LLC now owns 2,068,860 shares of the company's stock valued at $7,717,000 after purchasing an additional 384,257 shares in the last quarter. Institutional investors own 48.24% of the company's stock.

Analyst Upgrades and Downgrades

UUUU has been the subject of several recent research reports. B. Riley started coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target for the company. HC Wainwright boosted their price objective on shares of Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Finally, Roth Capital lowered shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Energy Fuels presently has an average rating of "Buy" and a consensus target price of $9.25.

Energy Fuels Trading Down 7.1%

Shares of Energy Fuels stock opened at $15.35 on Wednesday. Energy Fuels Inc has a 12-month low of $3.20 and a 12-month high of $18.78. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -31.33 and a beta of 1.76. The firm's 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $7.39.

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

Insider Activity at Energy Fuels

In other Energy Fuels news, VP Saleem Drera sold 266,595 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $269,458.74. This represents a 91.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy James Carstens sold 250,000 shares of the company's 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 transaction, the executive vice president owned 267,029 shares in the company, valued at $2,787,782.76. The trade was a 48.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 618,724 shares of company stock worth $6,782,959. 1.92% of the stock is owned by company 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.

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