US Bancorp DE Raises Position In Energy Fuels Inc.
US Bancorp DE lifted its stake in shares of Energy Fuels Inc. (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) by 76.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,780 shares of the basic materials company’s stock after purchasing an additional 2,497 shares during the period. US Bancorp DE’s holdings in Energy Fuels were worth $35,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. NTB Financial Corp purchased a new position in Energy Fuels in the 2nd quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. grew its stake in Energy Fuels by 212.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,200 shares of the basic materials company’s stock valued at $60,000 after buying an additional 8,300 shares in the last quarter. Verition Fund Management LLC purchased a new position in Energy Fuels in the 2nd quarter valued at approximately $62,000. Aigen Investment Management LP purchased a new position in Energy Fuels in the 2nd quarter valued at approximately $72,000. Finally, ExodusPoint Capital Management LP grew its stake in Energy Fuels by 14.7% in the 2nd quarter. ExodusPoint Capital Management LP now owns 15,355 shares of the basic materials company’s stock valued at $75,000 after buying an additional 1,965 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.
UUUU opened at $7.37 on Wednesday. The firm’s fifty day moving average price is $6.81. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -184.25 and a beta of 1.67. Energy Fuels Inc. has a one year low of $4.69 and a one year high of $11.00.
Energy Fuels (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) last posted its quarterly earnings data on Friday, November 4th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Energy Fuels had a negative return on equity of 16.74% and a negative net margin of 77.50%. The company had revenue of $2.93 million for the quarter, compared to the consensus estimate of $1.00 million. Research analysts forecast that Energy Fuels Inc. will post -0.34 earnings per share for the current year.
Analyst Upgrades and Downgrades
UUUU has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on shares of Energy Fuels from C$12.00 to C$11.50 in a research note on Wednesday, November 16th. HC Wainwright reduced their price target on shares of Energy Fuels from $9.75 to $9.50 and set a “buy” rating for the company in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.33.
Insider Transactions at Energy Fuels
In related news, Director Alex G. Morrison acquired 8,000 shares of the company’s stock in a transaction dated Thursday, December 8th. The stock was bought at an average cost of $6.03 per share, with a total value of $48,240.00. Following the acquisition, the director now owns 150,159 shares of the company’s stock, valued at approximately $905,458.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is currently owned by insiders.
About Energy Fuels
Energy Fuels, Inc is a mining development company, which engages in the exploration and evaluation of uranium and vanadium properties. The firm’s projects include Nichols Ranch, Alta Mesa, and White Mesa Mill. The company was founded by George E. L. Glasier and John David Mason on June 24, 1987 and is headquartered in Lakewood, CO.
www.ferroalloynet.com
