Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,748 shares of the basic materials company’s stock after selling 7,744 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Uranium Energy were worth $389,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of Uranium Energy by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 10,163 shares during the period. New York State Common Retirement Fund lifted its holdings in Uranium Energy by 7.7% in the fourth quarter. New York State Common Retirement Fund now owns 150,530 shares of the basic materials company’s stock valued at $963,000 after acquiring an additional 10,811 shares during the period. CWM LLC lifted its holdings in Uranium Energy by 22.2% in the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 1,776 shares during the period. HTLF Bank acquired a new stake in Uranium Energy in the fourth quarter valued at $154,000. Finally, Strs Ohio acquired a new stake in Uranium Energy in the fourth quarter valued at $197,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David Kong sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the transaction, the director now directly owns 154,085 shares in the company, valued at approximately $1,049,318.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Uranium Energy Trading Up 1.3 %

Uranium Energy stock opened at $7.21 on Monday. The business’s 50 day moving average is $6.38. Uranium Energy Corp. has a one year low of $2.44 and a one year high of $8.34.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UEC shares. Eight Capital lifted their price target on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. HC Wainwright lifted their price target on Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.80.

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; 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.