Deutsche Bank AG Decreases Stock Holdings in Uranium Energy Corp. $UEC

Deutsche Bank AG cut its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 9.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 322,396 shares of the basic materials company’s stock after selling 32,398 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Uranium Energy worth $1,541,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in Uranium Energy in the first quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uranium Energy during the 1st quarter valued at $36,000. Farther Finance Advisors LLC boosted its position in shares of Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,364 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Uranium Energy during the 4th quarter worth $76,000. Finally, Bearing Point Capital LLC purchased a new position in Uranium Energy during the 4th quarter worth $80,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the sale, the director directly owned 182,237 shares of the company’s stock, valued at approximately $1,753,119.94. This trade represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $10.53 on Friday. The company has a market capitalization of $4.68 billion, a P/E ratio of -61.94 and a beta of 1.44. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $10.88. The firm’s fifty day simple moving average is $8.10 and its 200-day simple moving average is $6.51.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UEC. HC Wainwright boosted their price target on Uranium Energy from $12.25 to $12.75 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets initiated coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 target price for the company. TD Securities upped their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, The Goldman Sachs Group raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, Uranium Energy currently has an average rating of “Buy” and a consensus price target of $10.91.

Uranium Energy Company Profile

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.