MMCAP International Inc. SPC Lowers Position in Energy Fuels Inc. (NYSEAMERICAN:UUUU)

MMCAP International Inc. SPC cut its holdings in Energy Fuels Inc. (NYSEAMERICAN:UUUU) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,503,811 shares of the company’s stock after selling 173,410 shares during the quarter. Energy Fuels makes up about 1.2% of MMCAP International Inc. SPC’s investment portfolio, making the stock its 25th largest position. MMCAP International Inc. SPC owned approximately 0.76% of Energy Fuels worth $7,715,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UUUU. Creative Planning purchased a new stake in Energy Fuels in the third quarter worth about $57,000. Signaturefd LLC lifted its stake in Energy Fuels by 261.7% in the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock worth $33,000 after acquiring an additional 4,321 shares during the period. Private Advisor Group LLC lifted its stake in Energy Fuels by 8.7% in the third quarter. Private Advisor Group LLC now owns 89,124 shares of the company’s stock worth $489,000 after acquiring an additional 7,122 shares during the period. Ballentine Partners LLC purchased a new stake in Energy Fuels in the third quarter worth about $64,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Energy Fuels during the third quarter valued at about $91,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Alex G. Morrison sold 17,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total transaction of $100,100.00. Following the transaction, the director now owns 165,528 shares in the company, valued at $946,820.16. This represents a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.44, for a total transaction of $54,400.00. Following the completion of the transaction, the director now owns 178,380 shares in the company, valued at approximately $970,387.20. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company’s stock.

Energy Fuels Stock Performance

UUUU stock opened at $4.36 on Wednesday. The firm has a market cap of $866.29 million, a price-to-earnings ratio of -19.82 and a beta of 1.68. The firm has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.57. Energy Fuels Inc. has a one year low of $4.19 and a one year high of $7.47.

Analyst Upgrades and Downgrades

Several research firms have commented on UUUU. Roth Mkm decreased their price target 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 reissued a “buy” rating and set a $11.00 price target on shares of Energy Fuels in a research report on Wednesday, December 11th.

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.