Energy Fuels Inc. (NYSE:UUUU) Stake Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in Energy Fuels Inc. (NYSE:UUUU) by 18.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,952 shares of the company’s stock after selling 2,941 shares during the quarter. Principal Financial Group Inc.’s holdings in Energy Fuels were worth $71,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Energy Fuels by 44.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock worth $7,742,000 after buying an additional 392,862 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Energy Fuels by 19.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,095,044 shares of the company’s stock worth $6,636,000 after acquiring an additional 179,900 shares during the period. Sequoia Financial Advisors LLC raised its position in Energy Fuels by 14.6% in the second quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock worth $143,000 after acquiring an additional 3,014 shares in the last quarter. Stanley Laman Group Ltd. lifted its holdings in Energy Fuels by 65.2% in the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company’s stock valued at $4,313,000 after acquiring an additional 309,958 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Energy Fuels by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,164 shares of the company’s stock valued at $285,000 after purchasing an additional 5,889 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Stock Down 0.6 %

Shares of NYSE:UUUU opened at $6.92 on Wednesday. The firm has a fifty day moving average of $6.06 and a two-hundred day moving average of $5.78. Energy Fuels Inc. has a 12-month low of $4.19 and a 12-month high of $8.49. The firm has a market capitalization of $1.36 billion, a P/E ratio of -31.55 and a beta of 1.60.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Roth Mkm cut their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th. HC Wainwright upped their price target on Energy Fuels from $10.75 to $11.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Insider Buying and Selling

In related news, Director Dennis Lyle Higgs sold 18,615 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total transaction of $134,586.45. Following the transaction, the director now owns 291,422 shares of the company’s stock, valued at approximately $2,106,981.06. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.92% of the stock is owned by insiders.

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.