Raymond James & Associates Raises Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Raymond James & Associates lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 111.9% in the 4th quarter, HoldingsChannel reports. The firm owned 54,762 shares of the basic materials company’s stock after acquiring an additional 28,919 shares during the period. Raymond James & Associates’ holdings in Uranium Energy were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of UEC. Vanguard Group Inc. increased its stake in shares of Uranium Energy by 1.1% in the third quarter. Vanguard Group Inc. now owns 21,255,365 shares of the basic materials company’s stock worth $109,465,000 after purchasing an additional 238,424 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Uranium Energy in the 3rd quarter worth $3,980,000. Van ECK Associates Corp raised its holdings in Uranium Energy by 18.2% during the third quarter. Van ECK Associates Corp now owns 1,421,202 shares of the basic materials company’s stock valued at $7,320,000 after acquiring an additional 219,239 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Uranium Energy by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,888,189 shares of the basic materials company’s stock valued at $14,874,000 after acquiring an additional 99,783 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Uranium Energy by 12.3% in the third quarter. Deutsche Bank AG now owns 181,723 shares of the basic materials company’s stock worth $936,000 after acquiring an additional 19,900 shares during the period. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Up 3.8 %

NYSEAMERICAN UEC opened at $6.91 on Monday. The firm’s 50 day moving average price is $6.31. Uranium Energy Corp. has a one year low of $2.30 and a one year high of $8.34. The company has a market cap of $2.79 billion, a P/E ratio of -691.00 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. On average, equities analysts expect that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UEC has been the topic of a number of research analyst reports. HC Wainwright boosted their price target on Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a report on Thursday, January 18th. Eight Capital upped their target price on shares of Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and an average price target of $8.80.

Insider Transactions at Uranium Energy

In other news, Director David Kong sold 26,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now owns 154,085 shares of the company’s stock, valued at $1,049,318.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director David Kong sold 26,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now directly owns 154,085 shares in the company, valued at $1,049,318.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total value of $686,280.00. Following the completion of the sale, the director now owns 186,095 shares in the company, valued at approximately $1,520,396.15. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

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.