Geode Capital Management LLC Grows Stake in Uranium Energy Corp. $UEC

Geode Capital Management LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,902,310 shares of the basic materials company’s stock after purchasing an additional 289,662 shares during the period. Geode Capital Management LLC owned 2.23% of Uranium Energy worth $67,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Encompass Capital Advisors LLC raised its position in shares of Uranium Energy by 255.1% during the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock valued at $20,188,000 after buying an additional 3,033,974 shares during the last quarter. Titan Global Capital Management USA LLC grew its stake in Uranium Energy by 123.2% during the second quarter. Titan Global Capital Management USA LLC now owns 3,217,324 shares of the basic materials company’s stock valued at $21,878,000 after acquiring an additional 1,775,613 shares in the last quarter. MMCAP International Inc. SPC increased its holdings in Uranium Energy by 8.6% in the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock valued at $94,244,000 after acquiring an additional 1,559,173 shares during the last quarter. Nuveen LLC purchased a new stake in Uranium Energy in the 1st quarter worth $5,099,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after purchasing an additional 423,994 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group set a $17.50 target price on Uranium Energy and gave the stock a “buy” rating in a report on Wednesday, September 24th. Zacks Research cut Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Roth Capital upped their price objective on Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. BMO Capital Markets reiterated a “market perform” rating and set a $14.00 target price (up from $7.75) on shares of Uranium Energy in a research report on Thursday, September 25th. Finally, Stifel Nicolaus assumed coverage on shares of Uranium Energy in a report on Monday, October 6th. They issued a “buy” rating and a $10.50 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.19.

Uranium Energy Price Performance

Shares of UEC stock opened at $10.90 on Monday. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $17.80. The stock’s 50 day simple moving average is $13.42 and its two-hundred day simple moving average is $9.89. The company has a market cap of $5.27 billion, a PE ratio of -64.11 and a beta of 1.40.

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.