SG Americas Securities LLC lifted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Rating) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,698 shares of the basic materials company’s stock after purchasing an additional 7,627 shares during the quarter. SG Americas Securities LLC owned about 0.05% of Uranium Energy worth $660,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in UEC. Nisa Investment Advisors LLC purchased a new position in Uranium Energy during the first quarter worth approximately $36,000. Exchange Traded Concepts LLC increased its holdings in shares of Uranium Energy by 33.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 11,339,120 shares of the basic materials company’s stock worth $52,047,000 after buying an additional 2,818,076 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Uranium Energy by 16.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 162,880 shares of the basic materials company’s stock worth $751,000 after buying an additional 22,411 shares during the period. Copperwynd Financial LLC acquired a new position in Uranium Energy in the first quarter valued at $1,336,000. Finally, Belvedere Trading LLC grew its position in Uranium Energy by 56.1% during the first quarter. Belvedere Trading LLC now owns 75,134 shares of the basic materials company’s stock valued at $428,000 after acquiring an additional 27,013 shares during the period. Hedge funds and other institutional investors own 37.69% of the company’s stock.
Wall Street Analyst Weigh In
UEC has been the topic of several research analyst reports. Citigroup lowered Uranium Energy from a “hold” rating to a “reduce” rating and set a $5.50 price objective on the stock. in a research note on Friday, April 22nd. They noted that the move was a valuation call. Canaccord Genuity Group raised shares of Uranium Energy from a “hold” rating to a “speculative buy” rating in a research report on Monday, June 13th. HC Wainwright reissued a “maintains” rating on shares of Uranium Energy in a research note on Thursday, July 28th. Finally, Canaccord Genuity Group raised shares of Uranium Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.50 to $6.00 in a research report on Monday, June 13th.
Uranium Energy Stock Performance
Uranium Energy (NYSEAMERICAN:UEC – Get Rating) last released its quarterly earnings results on Tuesday, June 14th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $9.89 million for the quarter, compared to analysts’ expectations of $13.10 million. Equities research analysts predict that Uranium Energy Corp. will post -0.03 EPS for the current fiscal year.
Uranium Energy Company 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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
- Get a free copy of the StockNews.com research report on Uranium Energy (UEC)
- Amazon Names Itself A Top Stock Of Q3 Contender
- 3 Health Care Stocks in Great Financial Health
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Pinterest Shares Are Soaring After Earnings, Is The Stock A Buy?
- Market Fundamentals Drive Results For The Williams Companies
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.