Rhumbline Advisers Acquires 19,416 Shares of Uranium Energy Corp. $UEC

Rhumbline Advisers raised its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 3.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 599,395 shares of the basic materials company’s stock after acquiring an additional 19,416 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Uranium Energy worth $2,865,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $27,000. Farther Finance Advisors LLC boosted its holdings 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 valued at $36,000 after buying an additional 2,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $36,000. Oarsman Capital Inc. boosted its holdings in shares of Uranium Energy by 900.0% in the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock valued at $48,000 after buying an additional 9,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $49,000. 62.28% of the stock is owned by institutional investors.

Insider Activity

In other news, Director David Kong sold 50,800 shares of the firm’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 owned 182,237 shares of the company’s stock, valued at $1,753,119.94. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets began coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 target price for the company. The Goldman Sachs Group upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. TD Securities raised their target price on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Roth Capital raised their target price on shares of Uranium Energy from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, HC Wainwright raised their target price on shares of Uranium Energy from $12.25 to $12.75 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $10.97.

Uranium Energy Price Performance

Shares of UEC stock opened at $12.34 on Wednesday. The stock’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $6.99. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $13.25. The company has a market cap of $5.48 billion, a PE ratio of -72.58 and a beta of 1.42.

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.