Great Valley Advisor Group Inc. Sells 7,744 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Great Valley Advisor Group Inc. trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.3% in the 4th quarter, Holdings Channel reports. The fund owned 60,748 shares of the basic materials company’s stock after selling 7,744 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Uranium Energy were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Uranium Energy in the fourth quarter valued at $27,000. Millburn Ridgefield Corp acquired a new position in shares of Uranium Energy in the third quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in Uranium Energy during the third quarter worth $27,000. CVA Family Office LLC acquired a new position in Uranium Energy during the fourth quarter worth $38,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Uranium Energy during the third quarter worth $33,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UEC shares. HC Wainwright increased their price objective on Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Eight Capital increased their price objective on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.80.

Insider Activity at Uranium Energy

In related news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of 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 filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Uranium Energy Trading Up 1.3 %

Shares of UEC stock opened at $7.21 on Monday. The business’s fifty day simple moving average is $6.38. Uranium Energy Corp. has a 52 week low of $2.44 and a 52 week high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. As a group, equities analysts predict that Uranium Energy Corp. will post 0.08 EPS for the current year.

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.