Summit Financial LLC Takes Position in Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Summit Financial LLC purchased a new position in shares of Energy Fuels Inc. (NYSEAMERICAN:UUUU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 943,563 shares of the company's stock, valued at approximately $4,840,000. Summit Financial LLC owned 0.47% of Energy Fuels as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC bought a new position in shares of Energy Fuels in the fourth quarter worth $25,000. Steward Partners Investment Advisory LLC boosted its stake in Energy Fuels by 65.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company's stock worth $32,000 after purchasing an additional 2,442 shares during the period. Signaturefd LLC boosted its stake in Energy Fuels by 48.5% in the 4th quarter. Signaturefd LLC now owns 8,870 shares of the company's stock worth $46,000 after purchasing an additional 2,898 shares during the period. Wealthspan Partners LLC purchased a new position in Energy Fuels during the 4th quarter valued at about $51,000. Finally, Motley Fool Wealth Management LLC bought a new stake in shares of Energy Fuels during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Insider Activity at Energy Fuels

In other news, Director Bruce D. Hansen purchased 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $4.25 per share, for a total transaction of $25,500.00. Following the purchase, the director now directly owns 295,239 shares in the company, valued at approximately $1,254,765.75. This trade represents a 2.07 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Appelin Filas sold 10,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $4.15, for a total transaction of $41,500.00. Following the sale, the director now owns 160,159 shares of the company's stock, valued at approximately $664,659.85. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.92% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on UUUU shares. HC Wainwright decreased their target price on Energy Fuels from $11.00 to $10.75 and set a "buy" rating on the stock in a research note on Friday, February 28th. Roth Capital set a $5.75 target price on shares of Energy Fuels in a research note on Friday, February 28th. Finally, Roth Mkm raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 price target on the stock in a report on Friday, February 28th.

Energy Fuels Price Performance

NYSEAMERICAN UUUU traded down $0.20 on Friday, reaching $3.43. 7,508,012 shares of the company's stock traded hands, compared to its average volume of 7,710,152. The stock has a market cap of $681.51 million, a PE ratio of -15.59 and a beta of 1.68. Energy Fuels Inc. has a 12 month low of $3.29 and a 12 month high of $7.47. The stock has a 50-day simple moving average of $4.79 and a 200 day simple moving average of $5.47.

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.