American International Group Inc. boosted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,167 shares of the basic materials company’s stock after buying an additional 4,605 shares during the quarter. American International Group Inc.’s holdings in Uranium Energy were worth $602,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $29,000. Apexium Financial LP acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $29,000. CIBC Asset Management Inc acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $29,000. Virtu Financial LLC acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $32,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $34,000. 49.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on UEC. TD Securities initiated coverage on Uranium Energy in a research note on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 price objective on the stock. Roth Mkm boosted their target price on Uranium Energy from $6.00 to $6.75 and gave the company a “buy” rating in a research report on Tuesday, October 10th. TD Cowen initiated coverage on Uranium Energy in a research report on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 target price for the company. StockNews.com raised Uranium Energy to a “sell” rating in a research report on Sunday, October 8th. Finally, HC Wainwright boosted their target price on Uranium Energy from $8.00 to $8.25 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus target price of $6.75.
Insider Activity at Uranium Energy
In related news, CFO Pat Obara sold 4,877 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $6.07, for a total value of $29,603.39. Following the transaction, the chief financial officer now owns 788,000 shares in the company, valued at $4,783,160. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.
Uranium Energy Trading Up 3.6 %
UEC stock opened at $6.38 on Friday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -638.00 and a beta of 1.85. The firm has a 50 day simple moving average of $3.62. Uranium Energy Corp. has a 12-month low of $2.30 and a 12-month high of $6.43.
About Uranium Energy
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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