Intech Investment Management LLC Acquires 35,983 Shares of Uranium Energy Corp. $UEC

Intech Investment Management LLC grew its holdings in Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,745 shares of the basic materials company’s stock after acquiring an additional 35,983 shares during the quarter. Intech Investment Management LLC’s holdings in Uranium Energy were worth $2,053,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Uranium Energy by 34.5% in the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock worth $476,588,000 after acquiring an additional 9,159,024 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Uranium Energy by 38.2% in the third quarter. Pinnacle Associates Ltd. now owns 1,463,561 shares of the basic materials company’s stock worth $19,524,000 after acquiring an additional 404,799 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Uranium Energy in the fourth quarter worth about $4,076,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Uranium Energy in the fourth quarter worth about $22,260,000. Finally, Black Swift Group LLC bought a new stake in shares of Uranium Energy in the third quarter worth about $1,735,000. 62.28% of the stock is currently owned by institutional investors.

Key Uranium Energy News

Here are the key news stories impacting Uranium Energy this week:

Uranium Energy Price Performance

UEC stock opened at $14.09 on Thursday. The stock has a market capitalization of $6.91 billion, a P/E ratio of -117.42 and a beta of 1.12. The business has a 50-day moving average of $14.06 and a 200-day moving average of $14.29. Uranium Energy Corp. has a fifty-two week low of $5.90 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. Equities analysts expect that Uranium Energy Corp. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

UEC has been the subject of several recent research reports. TD Securities reduced their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. HC Wainwright reaffirmed a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research report on Wednesday, February 4th. Finally, Roth Mkm set a $17.00 price objective on Uranium Energy in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and an average price target of $17.66.

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About Uranium Energy

(Free Report)

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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

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