Summit Financial LLC Takes $4.84 Million Position in Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Summit Financial LLC bought a new position in Energy Fuels Inc. (NYSEAMERICAN:UUUU) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 943,563 shares of the company’s stock, valued at approximately $4,840,000.

Several other hedge funds have also bought and sold shares of UUUU. JPMorgan Chase & Co. lifted its stake in shares of Energy Fuels by 217.3% in the third quarter. JPMorgan Chase & Co. now owns 223,061 shares of the company’s stock valued at $1,225,000 after buying an additional 152,751 shares in the last quarter. Barclays PLC raised its holdings in shares of Energy Fuels by 126.6% in the 3rd quarter. Barclays PLC now owns 412,137 shares of the company’s stock worth $2,262,000 after acquiring an additional 230,259 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in Energy Fuels by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,579,919 shares of the company’s stock valued at $8,105,000 after acquiring an additional 55,709 shares in the last quarter. Geode Capital Management LLC boosted its stake in Energy Fuels by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company’s stock valued at $12,731,000 after purchasing an additional 285,680 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Energy Fuels by 233.1% in the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock worth $4,966,000 after purchasing an additional 632,713 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UUUU shares. Roth Capital set a $5.75 target price on Energy Fuels in a research report on Friday, February 28th. HC Wainwright dropped their price objective on Energy Fuels from $11.00 to $10.75 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Roth Mkm upgraded shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Friday, February 28th.

Insider Transactions at Energy Fuels

In other news, Director Barbara Appelin Filas sold 10,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $4.15, for a total transaction of $41,500.00. Following the transaction, the director now owns 160,159 shares of the company’s stock, valued at $664,659.85. This represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce D. Hansen purchased 6,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $4.25 per share, with a total value of $25,500.00. Following the purchase, the director now directly owns 295,239 shares in the company, valued at $1,254,765.75. This trade represents a 2.07 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 32,350 shares of company stock worth $146,535 in the last ninety days. Company insiders own 1.92% of the company’s stock.

Energy Fuels Trading Down 0.5 %

UUUU stock opened at $3.73 on Tuesday. The stock has a market cap of $741.11 million, a P/E ratio of -16.95 and a beta of 1.68. The stock’s fifty day simple moving average is $4.91 and its two-hundred day simple moving average is $5.50. Energy Fuels Inc. has a 1-year low of $3.55 and a 1-year high of $7.47.

About Energy Fuels

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.