Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) by 18.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,421,202 shares of the basic materials company’s stock after purchasing an additional 219,239 shares during the quarter. Van ECK Associates Corp’s holdings in Uranium Energy were worth $7,320,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UEC. JPMorgan Chase & Co. grew its holdings in shares of Uranium Energy by 24.8% during the first quarter. JPMorgan Chase & Co. now owns 208,719 shares of the basic materials company’s stock worth $958,000 after buying an additional 41,471 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Uranium Energy during the 1st quarter valued at about $47,000. Bank of New York Mellon Corp boosted its position in shares of Uranium Energy by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 800,581 shares of the basic materials company’s stock valued at $3,675,000 after acquiring an additional 50,810 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Uranium Energy by 25.6% during the 1st quarter. HighTower Advisors LLC now owns 218,733 shares of the basic materials company’s stock valued at $1,005,000 after acquiring an additional 44,536 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Uranium Energy by 38.3% during the 1st quarter. MetLife Investment Management LLC now owns 122,621 shares of the basic materials company’s stock valued at $563,000 after acquiring an additional 33,941 shares during the last quarter. Hedge funds and other institutional investors own 49.03% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $7.71 on Friday. The firm has a 50-day moving average of $4.89. Uranium Energy Corp. has a 12 month low of $2.30 and a 12 month high of $8.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last posted its earnings results on Friday, December 8th. The basic materials company reported ($0.01) EPS for the quarter. Uranium Energy had a net margin of 3.52% and a return on equity of 0.18%. The company had revenue of $0.11 million during the quarter, compared to analyst estimates of $13.00 million. As a group, analysts predict that Uranium Energy Corp. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on UEC shares. Eight Capital boosted their price target on shares of Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 15th. TD Securities boosted their price target on shares of Uranium Energy from $7.00 to $8.50 and gave the company a “speculative buy” rating in a research report on Tuesday, December 12th. Finally, HC Wainwright boosted their price target on shares of Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has a consensus rating of “Moderate Buy” and an average price target of $8.80.

Get Our Latest Analysis on Uranium Energy

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, Director Volpe Vincent Della sold 84,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the transaction, the director now owns 186,095 shares of the company’s stock, valued at $1,520,396.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Uranium Energy news, Director Volpe Vincent Della sold 84,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total transaction of $686,280.00. Following the sale, the director now directly owns 186,095 shares in the company, valued at $1,520,396.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Pat Obara sold 4,877 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $6.07, for a total transaction of $29,603.39. Following the sale, the chief financial officer now owns 788,000 shares in the company, valued at $4,783,160. The disclosure for this sale can be found here. Insiders have sold 126,632 shares of company stock valued at $944,301 over the last 90 days. 2.90% of the stock is owned by insiders.

Uranium Energy Company Profile

(Free Report)

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; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto ParanĂ¡ titanium projects in Paraguay.

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Institutional Ownership by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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