Cresset Asset Management LLC Buys 71,653 Shares of Uranium Energy Corp. $UEC

Cresset Asset Management LLC boosted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 38.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,097 shares of the basic materials company’s stock after buying an additional 71,653 shares during the quarter. Cresset Asset Management LLC owned approximately 0.05% of Uranium Energy worth $3,470,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UEC. Ameritas Advisory Services LLC bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $33,000. Operose Advisors LLC purchased a new position in Uranium Energy during the 2nd quarter worth $34,000. GPS Wealth Strategies Group LLC raised its position in Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. Semus Wealth Partners LLC purchased a new stake in shares of Uranium Energy in the 2nd quarter worth $68,000. Finally, Sender Co & Partners Inc. bought a new position in shares of Uranium Energy during the 2nd quarter worth $88,000. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Trading Down 5.6%

Shares of UEC opened at $12.93 on Friday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34. The stock has a fifty day moving average price of $15.89 and a 200-day moving average price of $13.81. The firm has a market cap of $6.25 billion, a PE ratio of -107.75 and a beta of 1.21.

Wall Street Analysts Forecast Growth

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

Uranium Energy Company Profile

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.