Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Purchased by Cwm LLC

Cwm LLC boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 22.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,784 shares of the basic materials company’s stock after acquiring an additional 1,776 shares during the quarter. Cwm LLC’s holdings in Uranium Energy were worth $63,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UEC. Arizona State Retirement System boosted its holdings in Uranium Energy by 1.9% in the third quarter. Arizona State Retirement System now owns 102,120 shares of the basic materials company’s stock valued at $526,000 after purchasing an additional 1,952 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Uranium Energy by 10.4% in the third quarter. Los Angeles Capital Management LLC now owns 39,093 shares of the basic materials company’s stock worth $201,000 after buying an additional 3,695 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Uranium Energy during the fourth quarter worth about $27,000. Millburn Ridgefield Corp purchased a new position in Uranium Energy during the third quarter valued at approximately $27,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Uranium Energy in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

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

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $7.06 on Thursday. The business has a fifty day moving average of $6.38. Uranium Energy Corp. has a one year low of $2.45 and a one year high of $8.34. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -706.00 and a beta of 1.83.

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

Insider Activity at Uranium Energy

In related news, Director David Kong sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the transaction, the director now directly owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

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.