Renaissance Technologies LLC Acquires New Shares in Energy Fuels Inc $UUUU

Renaissance Technologies LLC acquired a new position in Energy Fuels Inc (NYSEAMERICAN:UUUU) in the first quarter, HoldingsChannel reports. The fund acquired 637,804 shares of the company’s stock, valued at approximately $11,640,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in shares of Energy Fuels in the 1st quarter valued at about $871,000. NewEdge Advisors LLC boosted its stake in shares of Energy Fuels by 67.7% during the first quarter. NewEdge Advisors LLC now owns 57,876 shares of the company’s stock valued at $216,000 after purchasing an additional 23,356 shares in the last quarter. Creative Planning boosted its stake in shares of Energy Fuels by 56.9% during the second quarter. Creative Planning now owns 53,344 shares of the company’s stock valued at $307,000 after purchasing an additional 19,339 shares in the last quarter. Prudential Financial Inc. increased its holdings in Energy Fuels by 82.1% during the second quarter. Prudential Financial Inc. now owns 22,540 shares of the company’s stock valued at $130,000 after buying an additional 10,163 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Energy Fuels by 31.7% during the second quarter. Russell Investments Group Ltd. now owns 15,994 shares of the company’s stock valued at $92,000 after buying an additional 3,854 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Energy Fuels Stock Down 2.3%

Shares of Energy Fuels stock opened at $11.44 on Friday. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.86 billion, a P/E ratio of -39.45 and a beta of 1.49. The firm’s 50 day moving average price is $14.48 and its 200-day moving average price is $18.41. Energy Fuels Inc has a 52-week low of $8.16 and a 52-week high of $27.90.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Energy Fuels news, CEO Ross R. Bhappu acquired 74,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $13.08 per share, for a total transaction of $967,920.00. Following the acquisition, the chief executive officer owned 256,583 shares in the company, valued at approximately $3,356,105.64. This trade represents a 40.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce D. Hansen acquired 4,000 shares of the stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average cost of $12.70 per share, with a total value of $50,800.00. Following the transaction, the director directly owned 313,844 shares in the company, valued at approximately $3,985,818.80. This represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.97% of the company’s stock.

Energy Fuels Company 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.