The Manufacturers Life Insurance Company Purchases 632,713 Shares of Energy Fuels Inc. (NYSE:UUUU)

The Manufacturers Life Insurance Company raised its position in shares of Energy Fuels Inc. (NYSE:UUUU - Free Report) by 233.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 904,190 shares of the company's stock after buying an additional 632,713 shares during the period. The Manufacturers Life Insurance Company owned about 0.47% of Energy Fuels worth $4,966,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Energy Fuels in the 3rd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in Energy Fuels in the second quarter worth $31,000. Signaturefd LLC boosted its holdings in Energy Fuels by 261.7% in the third quarter. Signaturefd LLC now owns 5,972 shares of the company's stock valued at $33,000 after acquiring an additional 4,321 shares in the last quarter. Creative Planning purchased a new position in Energy Fuels during the 3rd quarter valued at $57,000. Finally, Xponance Inc. purchased a new position in Energy Fuels during the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Insiders Place Their Bets

In other news, Director Dennis Lyle Higgs sold 18,615 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total transaction of $134,586.45. Following the completion of the transaction, the director now directly owns 291,422 shares in the company, valued at $2,106,981.06. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.92% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on UUUU. Roth Mkm dropped 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 report on Monday, November 4th. HC Wainwright raised their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a "buy" rating in a report on Monday, November 4th.

Energy Fuels Trading Down 0.9 %

UUUU traded down $0.06 during trading on Friday, reaching $6.69. The stock had a trading volume of 3,526,730 shares, compared to its average volume of 4,290,887. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -30.41 and a beta of 1.64. The stock's 50 day moving average is $6.36 and its two-hundred day moving average is $5.81. Energy Fuels Inc. has a one year low of $4.19 and a one year high of $8.21.

Energy Fuels (NYSE:UUUU - Get Free Report) 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 return on equity of 9.16% and a negative net margin of 90.40%. The business had revenue of $4.05 million during the quarter, compared to analysts' expectations of $5.10 million. On average, equities research analysts predict that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

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.