CenterBook Partners LP Acquires Shares of 83,073 Uranium Energy Corp. $UEC

CenterBook Partners LP bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 83,073 shares of the basic materials company’s stock, valued at approximately $1,108,000.

A number of other institutional investors have also modified their holdings of the stock. MQS Management LLC bought a new position in Uranium Energy in the second quarter worth approximately $137,000. Norges Bank purchased a new position in shares of Uranium Energy in the 2nd quarter valued at $105,058,000. Osaic Holdings Inc. increased its holdings in shares of Uranium Energy by 88.4% in the 2nd quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 100,560 shares during the period. Voya Investment Management LLC raised its position in shares of Uranium Energy by 195.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,605,986 shares of the basic materials company’s stock worth $21,424,000 after acquiring an additional 1,061,566 shares in the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Uranium Energy during the 3rd quarter worth $26,081,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Up 0.9%

Shares of Uranium Energy stock opened at $16.25 on Friday. The company has a 50 day moving average price of $15.33 and a 200 day moving average price of $13.47. The firm has a market capitalization of $7.85 billion, a P/E ratio of -135.42 and a beta of 1.22. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $20.34.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Thursday, December 11th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Finally, National Bank Financial raised their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.66.

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.