Principal Financial Group Inc. Sells 2,941 Shares of Energy Fuels Inc. (NYSE:UUUU)

Principal Financial Group Inc. reduced its stake in Energy Fuels Inc. (NYSE:UUUU) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,952 shares of the company’s stock after selling 2,941 shares during the period. Principal Financial Group Inc.’s holdings in Energy Fuels were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Eastern Bank bought a new stake in shares of Energy Fuels in the 3rd quarter worth about $27,000. Lynx Investment Advisory bought a new stake in Energy Fuels during the second quarter worth about $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Energy Fuels during the second quarter worth approximately $31,000. Signaturefd LLC increased its holdings in shares of Energy Fuels by 261.7% during the third 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. Finally, Creative Planning bought a new position in shares of Energy Fuels in the third quarter valued at approximately $57,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Stock Performance

Shares of Energy Fuels stock opened at $6.92 on Wednesday. The firm has a fifty day moving average of $6.06 and a two-hundred day moving average of $5.78. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -31.55 and a beta of 1.60. Energy Fuels Inc. has a 52 week low of $4.19 and a 52 week high of $8.49.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $4.05 million for the quarter, compared to analyst estimates of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. As a group, research analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on UUUU. Roth Mkm cut their price objective on 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 lifted their price target on Energy Fuels from $10.75 to $11.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Insider Buying and Selling at Energy Fuels

In related news, Director Dennis Lyle Higgs sold 18,615 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total value of $134,586.45. Following the sale, the director now directly owns 291,422 shares of the company’s stock, valued at approximately $2,106,981.06. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.