Uranium Energy Sees Unusually Large Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 32,611 call options on the company. This represents an increase of 50% compared to the typical daily volume of 21,766 call options.

Uranium Energy Trading Down 1.2%

Shares of UEC opened at $13.68 on Thursday. The firm has a market cap of $6.08 billion, a PE ratio of -80.47 and a beta of 1.42. The company’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $7.32. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $15.06.

Analyst Upgrades and Downgrades

UEC has been the topic of several recent analyst reports. Roth Capital reiterated a “buy” rating on shares of Uranium Energy in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. TD Securities increased 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. Canaccord Genuity Group set a $17.50 price target on shares of Uranium Energy in a research note on Wednesday. Finally, 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 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $11.63.

Insider Buying and Selling at Uranium Energy

In related news, Director David Kong sold 50,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 in the company, valued at approximately $1,753,119.94. This represents a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Uranium Energy

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its position in shares of Uranium Energy by 732.8% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 3,503 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Uranium Energy during the second quarter worth approximately $34,000. Versant Capital Management Inc acquired a new stake in shares of Uranium Energy during the first quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Uranium Energy during the first quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Uranium Energy by 43.5% during the first 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 during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.