Principal Financial Group Inc. Sells 2,941 Shares of Energy Fuels Inc. (NYSE:UUUU)

Principal Financial Group Inc. cut its stake in shares of Energy Fuels Inc. (NYSE:UUUU) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,952 shares of the company’s stock after selling 2,941 shares during the period. Principal Financial Group Inc.’s holdings in Energy Fuels were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new stake in Energy Fuels in the 3rd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Energy Fuels in the second quarter worth $31,000. Signaturefd LLC boosted its stake in Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after buying an additional 4,321 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in Energy Fuels during the third quarter worth about $53,000. Finally, Hilltop Holdings Inc. bought a new position in Energy Fuels in the 3rd quarter worth about $55,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Stock Down 6.5 %

Energy Fuels stock opened at $5.45 on Wednesday. The firm has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $5.70. Energy Fuels Inc. has a twelve month low of $4.19 and a twelve month high of $8.21. The company has a market capitalization of $1.08 billion, a PE ratio of -24.77 and a beta of 1.71.

Energy Fuels (NYSE:UUUU) last released its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share 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 company had revenue of $4.05 million during the quarter, compared to the consensus estimate of $5.10 million. As a group, equities analysts expect that Energy Fuels Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In other news, Director Alex G. Morrison sold 17,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total transaction of $100,100.00. Following the completion of the transaction, the director now directly owns 165,528 shares of the company’s stock, valued at approximately $946,820.16. This represents a 9.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis Lyle Higgs sold 18,615 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total transaction of $134,586.45. Following the sale, the director now owns 291,422 shares of the company’s stock, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company’s stock.

Analyst Ratings Changes

UUUU has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price objective on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm cut their target price on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th.

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.