By Ketki Saxena
Investing.com -- According to the company's most recent Form 13F filing with the Securities & Exchange Commission, Mirae Asset Global Investments Co. Ltd. has reduced its holdings in Energy Fuels Inc (TSX:EFR). (NYSEAMERICAN:UUUU) by 8.8% during the first quarter of 2023,
The South Korean-based global investment firm owned 7,497,077 shares of the basic materials company’s stock after selling 724,434 shares during this period, leaving it with approximately 4.74% of Energy Fuels worth $41,769,000.
Several other hedge funds also adjusted their stakes in Energy Fuels during the first quarter of 2023. JPMorgan Chase & Co (NYSE:JPM). increased its holdings by 12.6%, now owning 117,025 shares worth $1,071,000. Bank of New York Mellon (NYSE:BK) Corp increased its stake by a significant 187.3%, now holding 1,484,213 shares valued at $13,581,000. Cambridge Investment Research Advisors Inc. raised its holdings by 45.4%, owning 22,403 shares valued at $206,000. Bank of Montreal (TSX:BMO) Can increased its stake by 8.0%, now owning 489,981 shares valued at $4,585,000.
Meanwhile, MetLife (NYSE:MET) Investment Management LLC increased its stake by 40.1%, now owning 74,736 shares worth $684,000. As a result of these changes in ownership, institutional investors now own 40.13% of the company’s stock.
Insider transactions have also been active recently with Director J. Birks Bovaird selling 15,000 shares on Tuesday, May 9th at an average price of $8.05 each for a total transaction amount of $120,750.00. Following this transaction, Bovaird owns 191,647 shares valued at approximately $1,542,758.35.
In addition to Bovaird's transactions in May and June, VP Curtis Moore sold 9,800 shares on Friday, June 16th at an average price of $6.37 each for a total transaction amount of $62,426.00 and now owns 82,978 shares valued at $528,569.86.