Nuveen LLC Invests $5.10 Million in Uranium Energy Corp. $UEC

Nuveen LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,066,744 shares of the basic materials company’s stock, valued at approximately $5,099,000. Nuveen LLC owned 0.25% of Uranium Energy at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UEC. Raymond James Financial Inc. acquired a new position in shares of Uranium Energy during the 4th quarter worth approximately $1,007,000. Mariner LLC raised its stake in shares of Uranium Energy by 15.4% during the 4th quarter. Mariner LLC now owns 37,743 shares of the basic materials company’s stock worth $253,000 after buying an additional 5,049 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Uranium Energy by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,091,390 shares of the basic materials company’s stock worth $40,756,000 after buying an additional 610,392 shares during the period. MetLife Investment Management LLC raised its stake in Uranium Energy by 12.5% in the 4th quarter. MetLife Investment Management LLC now owns 240,767 shares of the basic materials company’s stock valued at $1,611,000 after purchasing an additional 26,770 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Uranium Energy by 9.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company’s stock valued at $270,000 after purchasing an additional 3,516 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on UEC. The Goldman Sachs Group raised Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. HC Wainwright increased their price objective on Uranium Energy from $12.25 to $12.75 and gave the company a “buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets began coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price objective for the company. Finally, TD Securities increased their price objective on Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, Uranium Energy presently has an average rating of “Buy” and a consensus price target of $10.91.

Uranium Energy Stock Up 2.9%

Shares of NYSEAMERICAN:UEC opened at $10.70 on Wednesday. The business has a fifty day moving average of $8.26 and a two-hundred day moving average of $6.55. The stock has a market cap of $4.75 billion, a P/E ratio of -62.94 and a beta of 1.44. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $11.03.

Insider Transactions at Uranium Energy

In other Uranium Energy news, Director David Kong sold 50,800 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the sale, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. This represents a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Uranium Energy 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.