Stanley Laman Group Ltd. Cuts Stake in Energy Fuels Inc.

Stanley Laman Group Ltd. has reduced its holdings in Energy Fuels Inc. (NYSE:UUUU - Free Report) by 12.2% during the fourth quarter, as revealed in its recent disclosure to the Securities and Exchange Commission. Following this adjustment, the institutional investor now owns 690,046 shares of Energy Fuels after selling 95,475 shares in the quarter. This reduction represents approximately 0.35% of the company's total shares, valued at around $3,540,000 at the conclusion of the recent reporting period.

Changes in Other Institutional Holdings

Other financial institutions have also adjusted their positions in Energy Fuels. For instance, Van ECK Associates Corp significantly increased its stake by 104.9% during the fourth quarter, accumulating 4,838,420 shares valued at $24,823,000 after purchasing an additional 2,477,539 shares. Furthermore, Geode Capital Management LLC added to its holdings by 14.1% in the third quarter, bringing its total to 2,318,522 shares valued at $12,731,000 after acquiring 285,680 shares.

Bridgewater Associates LP also expanded its investment by 8.8% during the third quarter, now holding 1,656,516 shares worth $9,094,000 following the acquisition of 134,531 shares. Additionally, Robertson Stephens Wealth Management LLC increased its shares by 3.7% in the fourth quarter, bringing its total to 1,579,919 shares valued at $8,105,000. The Manufacturers Life Insurance Company made a substantial move by boosting its holdings by 233.1% in the third quarter, now owning 904,190 shares valued at around $4,966,000. Currently, 48.24% of Energy Fuels' stock is held by institutional investors.

Insider Transactions

In related news, insider trading activity has been notable at Energy Fuels. Director Dennis Lyle Higgs sold 18,615 shares on November 19, resulting in a transaction valued at approximately $134,586.45 at an average price of $7.23 per share. After this sale, Higgs holds 291,422 shares valued at around $2,106,981.06, reflecting a 6.00% reduction in his ownership. Another board member, Alex G. Morrison, sold 17,500 shares on December 18 at an average price of $5.72, totaling $100,100. Following this transaction, Morrison directly owns 165,528 shares valued at $946,820.16, marking a 9.56% decrease in his position. Over the past quarter, insiders have disposed of a total of 46,115 shares amounting to $289,086, with corporate insiders currently owning 1.92% of the stock.

Recent Trading Activity

As of Thursday, shares of Energy Fuels (NYSE:UUUU) opened at $5.03. The company's fifty-day moving average price is $5.50, while its two-hundred-day moving average price is $5.58. Energy Fuels has experienced a fifty-two week low of $4.19 and a high of $7.47.

Analyst Insights and Price Targets

Recent evaluations from various research firms suggest a range of opinions on Energy Fuels' future. Roth MKM adjusted its price target from $6.00 to $5.50 and assigned a "neutral" rating on November 4. Conversely, HC Wainwright maintained a "buy" rating, setting a target price of $11.00 in a report published on December 11.

Company Overview

Energy Fuels Inc. primarily engages in mining and processing uranium, along with recycling and exploration efforts. In addition to uranium, the company produces vanadium pentoxide and various rare earth elements, contributing to its operations in the United States.

Energy, Investments, Institutional