Bridgewater Associates LP Buys 134,531 Shares of Energy Fuels Inc. (NYSE:UUUU)

Bridgewater Associates LP grew its stake in Energy Fuels Inc. (NYSE:UUUU) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,656,516 shares of the company’s stock after acquiring an additional 134,531 shares during the quarter. Bridgewater Associates LP’s holdings in Energy Fuels were worth $9,094,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lynx Investment Advisory acquired a new position in Energy Fuels during the second quarter valued at approximately $30,000. Eastern Bank acquired a new position in shares of Energy Fuels in the 3rd quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Energy Fuels in the 2nd quarter valued at $31,000. Signaturefd LLC increased its position in shares of Energy Fuels by 261.7% in the 3rd quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after buying an additional 4,321 shares in the last quarter. Finally, Xponance Inc. bought a new position in Energy Fuels during the second quarter worth about $61,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 18,615 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total value of $134,586.45. Following the completion of the transaction, the director now owns 291,422 shares in the company, valued at $2,106,981.06. This trade represents a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.92% of the stock is currently owned by insiders.

Energy Fuels Price Performance

UUUU opened at $6.80 on Friday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -30.91 and a beta of 1.60. The business’s 50-day moving average price is $6.19 and its two-hundred day moving average price is $5.80. Energy Fuels Inc. has a 1 year low of $4.19 and a 1 year high of $8.42.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. The firm had revenue of $4.05 million during the quarter, compared to analyst estimates of $5.10 million. Sell-side analysts anticipate that Energy Fuels Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UUUU. HC Wainwright increased their price target on Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Roth Mkm dropped their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Monday, November 4th.

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.