JPMorgan Chase & Co. Grows Stock Holdings in Energy Fuels Inc. (NYSE:UUUU)

JPMorgan Chase & Co. increased its stake in shares of Energy Fuels Inc. (NYSE:UUUU - Free Report) by 217.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 223,061 shares of the company's stock after purchasing an additional 152,751 shares during the period. JPMorgan Chase & Co. owned approximately 0.11% of Energy Fuels worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank acquired a new stake in Energy Fuels during the 3rd quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in Energy Fuels by 261.7% during the 3rd quarter. Signaturefd LLC now owns 5,972 shares of the company's stock worth $33,000 after buying an additional 4,321 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Energy Fuels during the 3rd quarter worth approximately $53,000. Hilltop Holdings Inc. acquired a new stake in Energy Fuels during the 3rd quarter worth approximately $55,000. Finally, Xponance Inc. acquired a new stake in Energy Fuels during the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Energy Fuels Stock Performance

Energy Fuels stock traded down $0.17 during midday trading on Friday, hitting $5.71. 5,860,435 shares of the company's stock were exchanged, compared to its average volume of 4,263,896. Energy Fuels Inc. has a 12-month low of $4.19 and a 12-month high of $8.21. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -25.95 and a beta of 1.71. The firm's 50 day simple moving average is $5.96 and its 200 day simple moving average is $5.65.

Energy Fuels (NYSE:UUUU - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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%. On average, equities research analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on UUUU. HC Wainwright reiterated a "buy" rating and set a $11.00 target price on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm reduced their target price on shares of Energy Fuels from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, November 4th.

Insider Activity

In related news, Director Alex G. Morrison sold 17,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total value of $100,100.00. Following the completion of the sale, the director now owns 165,528 shares in the company, valued at $946,820.16. This trade represents a 9.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis Lyle Higgs sold 18,615 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total transaction of $134,586.45. Following the completion of the sale, the director now owns 291,422 shares of the company's stock, valued at $2,106,981.06. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.92% of the company's stock.

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.