Parallel Advisors LLC Raises Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Parallel Advisors LLC increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) by 39.7% during the 4th quarter, Holdings Channel reports. The fund owned 10,293 shares of the basic materials company’s stock after purchasing an additional 2,923 shares during the quarter. Parallel Advisors LLC’s holdings in Uranium Energy were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UEC. Chesapeake Capital Corp IL acquired a new stake in Uranium Energy during the fourth quarter valued at $304,000. Advisory Services Network LLC purchased a new position in shares of Uranium Energy in the 4th quarter valued at about $615,000. UBS Group AG boosted its position in Uranium Energy by 35.7% during the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock worth $6,377,000 after purchasing an additional 262,262 shares in the last quarter. Norges Bank acquired a new stake in Uranium Energy in the fourth quarter valued at approximately $96,000,000. Finally, Navellier & Associates Inc. increased its position in shares of Uranium Energy by 68.0% in the fourth quarter. Navellier & Associates Inc. now owns 76,641 shares of the basic materials company’s stock valued at $491,000 after buying an additional 31,018 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now directly owns 154,085 shares of the company’s stock, valued at $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Uranium Energy Price Performance

Shares of UEC stock opened at $6.55 on Friday. The stock’s 50 day simple moving average is $6.67. Uranium Energy Corp. has a 1-year low of $2.87 and a 1-year high of $8.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last posted its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $0.12 million for the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. On average, sell-side analysts forecast that Uranium Energy Corp. will post 0.08 earnings per share for the current fiscal year.

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 Paraná titanium projects in Paraguay.

Further Reading

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

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