Energy Fuels Inc $UUUU Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC lifted its position in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) by 80.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 582,845 shares of the company’s stock after purchasing an additional 259,843 shares during the period. WCM Investment Management LLC’s holdings in Energy Fuels were worth $10,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Energy Fuels by 685.0% in the third quarter. JPMorgan Chase & Co. now owns 912,120 shares of the company’s stock worth $14,001,000 after acquiring an additional 795,929 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Energy Fuels during the 3rd quarter valued at about $4,144,000. SG Americas Securities LLC grew its stake in shares of Energy Fuels by 11.1% in the 4th quarter. SG Americas Securities LLC now owns 739,355 shares of the company’s stock worth $10,750,000 after purchasing an additional 73,939 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Energy Fuels in the 4th quarter worth approximately $990,000. Finally, Louisbourg Investments Inc. acquired a new stake in Energy Fuels during the fourth quarter valued at approximately $4,412,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ross R. Bhappu purchased 74,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $13.08 per share, with a total value of $967,920.00. Following the acquisition, the chief executive officer directly owned 256,583 shares of the company’s stock, valued at approximately $3,356,105.64. This trade represents a 40.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce D. Hansen bought 4,000 shares of Energy Fuels stock in a transaction dated Wednesday, July 8th. The shares were bought at an average price of $12.70 per share, for a total transaction of $50,800.00. Following the completion of the transaction, the director directly owned 313,844 shares of the company’s stock, valued at $3,985,818.80. This represents a 1.29% increase in their position. The SEC filing for this purchase provides additional information. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. HC Wainwright reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Energy Fuels in a research note on Monday, June 22nd. Finally, Roth Capital set a $16.00 price objective on shares of Energy Fuels in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Energy Fuels Trading Up 2.2%

NYSEAMERICAN:UUUU opened at $11.74 on Tuesday. The company has a market capitalization of $2.93 billion, a P/E ratio of -40.48 and a beta of 1.49. The stock’s 50 day moving average price is $15.69 and its 200 day moving average price is $18.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 25.59 and a current ratio of 27.51. Energy Fuels Inc has a 52 week low of $8.16 and a 52 week high of $27.90.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $35.84 million during the quarter. Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. The business’s quarterly revenue was up 112.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) earnings per share. On average, research analysts forecast that Energy Fuels Inc will post -0.14 EPS for the current fiscal year.

Energy Fuels Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.