UBS Group AG Acquires 262,262 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

UBS Group AG grew its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) by 35.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 996,345 shares of the basic materials company’s stock after buying an additional 262,262 shares during the period. UBS Group AG owned 0.25% of Uranium Energy worth $6,377,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UEC. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Uranium Energy by 7.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,943,719 shares of the basic materials company’s stock worth $146,840,000 after purchasing an additional 1,521,140 shares during the last quarter. MMCAP International Inc. SPC raised its position in shares of Uranium Energy by 59.4% in the 3rd quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company’s stock worth $110,353,000 after purchasing an additional 7,987,736 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Uranium Energy by 1.1% in the 3rd 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 during the last quarter. Norges Bank purchased a new position in shares of Uranium Energy in the 4th quarter worth about $96,000,000. Finally, Alps Advisors Inc. raised its position in shares of Uranium Energy by 16.8% in the 3rd quarter. Alps Advisors Inc. now owns 14,889,161 shares of the basic materials company’s stock worth $76,679,000 after purchasing an additional 2,142,316 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 2.4 %

Shares of NYSEAMERICAN:UEC opened at $6.55 on Friday. Uranium Energy Corp. has a fifty-two week low of $2.87 and a fifty-two week high of $8.34. The stock has a 50-day simple moving average of $6.67. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -653.00 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The business had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. As a group, sell-side analysts anticipate that Uranium Energy Corp. will post 0.08 EPS for the current year.

Insider Activity

In other news, Director David Kong sold 26,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the sale, the director now owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

About Uranium Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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