Wellington Management Group LLP Acquires 23,929 Shares of Energy Fuels Inc $UUUU

Wellington Management Group LLP increased its holdings in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) by 151.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,723 shares of the company’s stock after purchasing an additional 23,929 shares during the period. Wellington Management Group LLP’s holdings in Energy Fuels were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Byrne Asset Management LLC boosted its stake in Energy Fuels by 114.6% in the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company’s stock valued at $29,000 after acquiring an additional 4,127 shares in the last quarter. Lionstone Capital Management LLC acquired a new stake in Energy Fuels in the fourth quarter valued at approximately $35,000. Adams Wealth Management acquired a new stake in Energy Fuels in the first quarter valued at approximately $37,000. CacheTech Inc. acquired a new stake in Energy Fuels in the first quarter valued at approximately $37,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in Energy Fuels in the first quarter valued at approximately $38,000. 48.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on UUUU. B. Riley began coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 target price for the company. Roth Capital downgraded shares of Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a research note on Friday, July 11th. Finally, HC Wainwright restated a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of Energy Fuels in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.19.

Insider Buying and Selling at Energy Fuels

In related news, EVP Timothy James Carstens sold 250,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the completion of the transaction, the executive vice president directly owned 267,029 shares in the company, valued at $2,787,782.76. The trade was a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott Bakken sold 4,629 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $12.00, for a total transaction of $55,548.00. Following the transaction, the vice president owned 108,817 shares of the company’s stock, valued at $1,305,804. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 784,336 shares of company stock worth $7,307,244. 1.92% of the stock is currently owned by company insiders.

Energy Fuels Trading Down 1.7%

NYSEAMERICAN UUUU opened at $11.36 on Wednesday. The company has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $6.10. The stock has a market cap of $2.52 billion, a P/E ratio of -23.18 and a beta of 1.76. Energy Fuels Inc has a 12-month low of $3.20 and a 12-month high of $13.34.

Energy Fuels 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.