Farther Finance Advisors LLC Acquires 12,272 Shares of Uranium Energy Corp. $UEC

Farther Finance Advisors LLC increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 157.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,073 shares of the basic materials company’s stock after acquiring an additional 12,272 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uranium Energy were worth $136,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of UEC. Versant Capital Management Inc bought a new position in Uranium Energy during the first quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Uranium Energy during the first quarter worth about $36,000. Oarsman Capital Inc. grew its stake in Uranium Energy by 900.0% during the first quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after buying an additional 9,000 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Uranium Energy during the first quarter worth about $49,000. Finally, Russell Investments Group Ltd. grew its stake in Uranium Energy by 3,198.9% during the first quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock worth $55,000 after buying an additional 11,196 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Up 5.3%

UEC opened at $13.68 on Friday. The company’s 50 day moving average is $11.10 and its 200-day moving average is $7.67. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $15.06. The company has a market cap of $6.36 billion, a P/E ratio of -80.47 and a beta of 1.40.

Insider Buying and Selling at Uranium Energy

In other news, Director David Kong sold 50,800 shares of the firm’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 value 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 trade represents a 21.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

UEC has been the topic of a number of analyst reports. Roth Capital increased their price objective on shares of Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Canaccord Genuity Group set a $17.50 price objective on shares of Uranium Energy and gave the stock a “buy” rating in a research note on Wednesday, September 24th. HC Wainwright increased their price objective on shares of Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research note on Thursday, September 25th. The Goldman Sachs Group increased their price objective on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, TD Securities increased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Buy” and a consensus target price of $13.80.

About Uranium Energy

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.