Public Employees Retirement System of Ohio Makes New $824,000 Investment in Energy Fuels Inc $UUUU

Public Employees Retirement System of Ohio bought a new position in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,721 shares of the company’s stock, valued at approximately $824,000.

A number of other hedge funds have also modified their holdings of the business. Van ECK Associates Corp boosted its position in Energy Fuels by 18.8% during the fourth quarter. Van ECK Associates Corp now owns 12,108,694 shares of the company’s stock worth $176,052,000 after acquiring an additional 1,913,952 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock worth $52,918,000 after purchasing an additional 410,894 shares in the last quarter. Bank of America Corp DE lifted its stake in Energy Fuels by 93.6% in the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock worth $25,105,000 after purchasing an additional 2,111,466 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Energy Fuels by 108.7% during the 4th quarter. Morgan Stanley now owns 3,952,694 shares of the company’s stock worth $57,472,000 after purchasing an additional 2,058,920 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Energy Fuels by 5.5% during the 4th quarter. State Street Corp now owns 3,688,397 shares of the company’s stock worth $53,629,000 after purchasing an additional 193,530 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ross R. Bhappu acquired 74,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of $13.08 per share, with a total value of $967,920.00. Following the transaction, the chief executive officer 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce D. Hansen bought 4,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of $12.70 per share, for a total transaction of $50,800.00. Following the transaction, the director owned 313,844 shares of the company’s stock, valued at $3,985,818.80. This trade represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UUUU shares. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, August 7th. UBS Group raised Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. HC Wainwright upped their target price on Energy Fuels from $29.00 to $29.25 and gave the company a “buy” rating in a report on Tuesday, September 1st. BMO Capital Markets began coverage on Energy Fuels in a research note on Friday, August 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Zacks Research lowered Energy Fuels from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Energy Fuels has a consensus rating of “Moderate Buy” and a consensus price target of $21.85.

Energy Fuels Price Performance

UUUU stock opened at $14.55 on Thursday. Energy Fuels Inc has a 52-week low of $10.69 and a 52-week high of $27.90. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -45.47 and a beta of 1.57. The business has a fifty day moving average of $13.53 and a two-hundred day moving average of $16.84.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The business had revenue of $25.11 million during the quarter. Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.29%. As a group, research analysts anticipate that Energy Fuels Inc will post -0.25 earnings per share for the current year.

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.