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

Van ECK Associates Corp reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,355,172 shares of the basic materials company’s stock after selling 66,030 shares during the quarter. Van ECK Associates Corp’s holdings in Uranium Energy were worth $8,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Uranium Energy by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,255,365 shares of the basic materials company’s stock valued at $109,465,000 after acquiring an additional 238,424 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Uranium Energy during the third quarter worth $3,980,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Uranium Energy by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,888,189 shares of the basic materials company’s stock valued at $14,874,000 after purchasing an additional 99,783 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Uranium Energy by 12.3% in the 3rd quarter. Deutsche Bank AG now owns 181,723 shares of the basic materials company’s stock valued at $936,000 after purchasing an additional 19,900 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in Uranium Energy in the 4th quarter worth about $96,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UEC has been the subject of a number of analyst reports. Eight Capital upped their price objective on shares of Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 15th. 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 report on Thursday, January 18th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.80.

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the sale, the director now owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

Uranium Energy Stock Performance

Shares of Uranium Energy stock opened at $7.21 on Friday. Uranium Energy Corp. has a 1 year low of $2.44 and a 1 year high of $8.34. The stock has a market cap of $2.91 billion, a P/E ratio of -721.00 and a beta of 1.83. The business has a 50-day simple moving average of $6.38.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. Research analysts forecast that Uranium Energy Corp. will post 0.08 earnings per share for the current year.

Uranium Energy 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; 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 Paraná titanium projects in Paraguay.