Summit Financial LLC Acquires Shares of 943,563 Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Summit Financial LLC bought a new position in shares of Energy Fuels Inc. (NYSEAMERICAN:UUUU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 943,563 shares of the company’s stock, valued at approximately $4,840,000. Summit Financial LLC owned about 0.47% of Energy Fuels as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Energy Fuels by 217.3% in the 3rd 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 boosted its position in shares of Energy Fuels by 126.6% in the third quarter. Barclays PLC now owns 412,137 shares of the company’s stock valued at $2,262,000 after acquiring an additional 230,259 shares during the period. Robertson Stephens Wealth Management LLC grew its stake in shares of Energy Fuels by 3.7% in the fourth 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 increased its position in Energy Fuels by 14.1% during the third quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company’s stock worth $12,731,000 after acquiring an additional 285,680 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Energy Fuels by 233.1% during the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock worth $4,966,000 after acquiring an additional 632,713 shares during the period. Institutional investors own 48.24% of the company’s stock.

Energy Fuels Price Performance

Shares of NYSEAMERICAN UUUU opened at $3.73 on Tuesday. The company has a 50 day simple moving average of $4.91 and a 200 day simple moving average of $5.50. Energy Fuels Inc. has a 1 year low of $3.55 and a 1 year high of $7.47. The firm has a market cap of $741.11 million, a PE ratio of -16.95 and a beta of 1.68.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, VP Daniel Kapostasy sold 12,350 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $4.10, for a total transaction of $50,635.00. Following the completion of the sale, the vice president now directly owns 57,705 shares in the company, valued at $236,590.50. This represents a 17.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara Appelin Filas sold 10,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $4.15, for a total transaction of $41,500.00. Following the completion of the transaction, the director now owns 160,159 shares in the company, valued at approximately $664,659.85. The trade was a 5.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,350 shares of company stock valued at $146,535. 1.92% of the stock is currently owned by company insiders.

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.