Uranium Energy Corp. $UEC Stake Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 326.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,319 shares of the basic materials company’s stock after purchasing an additional 627,000 shares during the period. New York State Common Retirement Fund owned 0.17% of Uranium Energy worth $10,930,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Uranium Energy by 293.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 605,013 shares of the basic materials company’s stock worth $8,071,000 after buying an additional 451,399 shares during the period. Ballentine Partners LLC increased its stake in Uranium Energy by 15.0% in the third quarter. Ballentine Partners LLC now owns 36,184 shares of the basic materials company’s stock valued at $483,000 after acquiring an additional 4,708 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Uranium Energy in the third quarter worth about $261,000. Vanguard Personalized Indexing Management LLC lifted its stake in Uranium Energy by 32.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,363 shares of the basic materials company’s stock worth $245,000 after purchasing an additional 4,501 shares during the period. Finally, Strs Ohio boosted its holdings in Uranium Energy by 320.2% during the third quarter. Strs Ohio now owns 35,300 shares of the basic materials company’s stock valued at $471,000 after purchasing an additional 26,900 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UEC shares. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Roth Mkm reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, National Bankshares raised their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.92.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $17.81 on Wednesday. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of -148.42 and a beta of 1.22. The company has a 50 day moving average of $14.57 and a 200-day moving average of $12.88. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $20.34.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.