Alpine Global Management LLC Trims Stock Holdings in Uranium Energy Corp. $UEC

Alpine Global Management LLC lowered its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 75.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the basic materials company’s stock after selling 75,000 shares during the quarter. Alpine Global Management LLC’s holdings in Uranium Energy were worth $334,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UEC. Danske Bank A S acquired a new position in shares of Uranium Energy in the 3rd quarter worth approximately $137,000. Fulcrum Asset Management LLP acquired a new stake in Uranium Energy in the 3rd quarter valued at approximately $67,000. Abel Hall LLC purchased a new stake in Uranium Energy in the third quarter valued at approximately $135,000. NewEdge Advisors LLC lifted its stake in Uranium Energy by 8.4% during the third quarter. NewEdge Advisors LLC now owns 19,398 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 1,503 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Uranium Energy by 115.6% during the third quarter. CANADA LIFE ASSURANCE Co now owns 472,531 shares of the basic materials company’s stock worth $6,540,000 after purchasing an additional 253,335 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 3.3%

Shares of NYSEAMERICAN UEC opened at $13.53 on Thursday. The stock has a market cap of $6.63 billion, a P/E ratio of -112.75 and a beta of 1.21. The business’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $14.04. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, equities analysts forecast that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UEC. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. HC Wainwright increased their target price on Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Roth Mkm restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Uranium Energy in a research report on Wednesday, February 4th. Finally, TD Securities reduced their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.53.

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.