Renaissance Technologies LLC Purchases Shares of 68,504 Energy Fuels Inc. (NYSE:UUUU)

Renaissance Technologies LLC acquired a new position in shares of Energy Fuels Inc. (NYSE:UUUU) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 68,504 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds have also modified their holdings of UUUU. Van ECK Associates Corp raised its position in Energy Fuels by 44.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock valued at $7,742,000 after purchasing an additional 392,862 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Energy Fuels by 14.3% in the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock worth $133,000 after acquiring an additional 2,639 shares during the last quarter. Shell Asset Management Co. grew its holdings in Energy Fuels by 94.9% during the 1st quarter. Shell Asset Management Co. now owns 207,465 shares of the company’s stock worth $1,305,000 after acquiring an additional 101,033 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Energy Fuels by 54.4% in the 1st quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock valued at $784,000 after purchasing an additional 43,940 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Energy Fuels in the 4th quarter valued at $466,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Energy Fuels Stock Up 0.2 %

Shares of UUUU stock opened at $5.40 on Friday. Energy Fuels Inc. has a 52-week low of $4.19 and a 52-week high of $8.68. The stock’s 50-day moving average price is $4.93 and its 200 day moving average price is $5.73. The stock has a market capitalization of $870.87 million, a PE ratio of -77.14 and a beta of 1.61.

Energy Fuels (NYSE:UUUU) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $8.72 million during the quarter, compared to analysts’ expectations of $3.85 million. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. Analysts expect that Energy Fuels Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price target on Energy Fuels from $10.50 to $10.75 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.67.

Energy Fuels Company 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.