Kaizen Financial Strategies Invests $323,000 in Uranium Energy Corp. $UEC

Kaizen Financial Strategies purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 47,511 shares of the basic materials company’s stock, valued at approximately $323,000.

Several other institutional investors also recently bought and sold shares of UEC. Victory Capital Management Inc. raised its position in Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock worth $28,350,000 after buying an additional 3,235,394 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in Uranium Energy by 255.1% during the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares in the last quarter. Titan Global Capital Management USA LLC boosted its holdings in Uranium Energy by 123.2% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 3,217,324 shares of the basic materials company’s stock valued at $21,878,000 after purchasing an additional 1,775,613 shares in the last quarter. MMCAP International Inc. SPC increased its position in Uranium Energy by 8.6% during the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock worth $94,244,000 after purchasing an additional 1,559,173 shares during the period. Finally, General American Investors Co. Inc. acquired a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $5,296,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

UEC stock opened at $12.32 on Thursday. The stock’s 50 day moving average price is $13.48 and its 200 day moving average price is $9.56. The firm has a market cap of $5.95 billion, a P/E ratio of -72.47 and a beta of 1.40. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $17.80.

Analysts Set New Price Targets

UEC has been the subject of several research analyst reports. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. TD Securities raised their price objective on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. HC Wainwright boosted their price objective on shares of Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital increased their target price on shares of Uranium Energy from $11.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Stifel Nicolaus started coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.19.

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.