Vident Advisory LLC Purchases 384,257 Shares of Energy Fuels Inc $UUUU

Key Points

• Vident Advisory LLC has increased its stake in Energy Fuels Inc by 22.8%, now owning over 2 million shares, valued at $7.7 million.
• Analysts have varied views on Energy Fuels, with Roth Capital downgrading the stock to "neutral" and setting a target price of $6, while others maintain a "buy" rating with target prices up to $12.
• Insider selling has occurred recently, with VP Scott Bakken and Director Dennis Lyle Higgs both reducing their stock holdings by approximately 4% and 5% respectively.

Vident Advisory LLC lifted its holdings in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) by 22.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,068,860 shares of the company's stock after acquiring an additional 384,257 shares during the period. Vident Advisory LLC owned approximately 1.04% of Energy Fuels worth $7,717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Byrne Asset Management LLC lifted its holdings in Energy Fuels by 114.6% during the 1st 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. Lionstone Capital Management LLC bought a new position in Energy Fuels during the 4th quarter valued at about $35,000. Adams Wealth Management bought a new position in Energy Fuels during the 1st quarter valued at about $37,000. CacheTech Inc. bought a new position in Energy Fuels during the 1st quarter valued at about $37,000. Finally, Joel Isaacson & Co. LLC bought a new position in Energy Fuels during the 1st quarter valued at about $38,000. 48.24% of the stock is owned by institutional investors.

Energy Fuels Stock Performance

Shares of UUUU traded down $0.20 during mid-day trading on Tuesday, reaching $11.36. The company had a trading volume of 9,541,629 shares, compared to its average volume of 10,452,111. The company's 50 day simple moving average is $8.66 and its 200 day simple moving average is $6.06. Energy Fuels Inc has a 1-year low of $3.20 and a 1-year high of $13.34. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -23.18 and a beta of 1.76.

Insider Activity at Energy Fuels

In related news, Director Dennis Lyle Higgs sold 2,500 shares of Energy Fuels stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $12.20, for a total transaction of $30,500.00. Following the sale, the director directly owned 253,881 shares in the company, valued at $3,097,348.20. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Saleem Drera sold 266,595 shares of Energy Fuels stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the sale, the vice president owned 24,474 shares in the company, valued at approximately $269,458.74. This represents a 91.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 784,336 shares of company stock valued at $7,307,244. 1.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on UUUU. B. Riley began coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. HC Wainwright restated a "buy" rating and issued a $12.00 price objective (up previously from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. Finally, Roth Capital cut 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 report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $8.19.

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.