Lisanti Capital Growth LLC Purchases New Stake in Uranium Energy Corp. $UEC

Lisanti Capital Growth LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the second quarter, HoldingsChannel.com reports. The fund purchased 197,745 shares of the basic materials company’s stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Uranium Energy by 732.8% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,503 shares during the period. Oarsman Capital Inc. raised its position in Uranium Energy by 900.0% during the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 9,000 shares during the last quarter. Teza Capital Management LLC purchased a new stake in Uranium Energy in the 1st quarter worth approximately $49,000. Russell Investments Group Ltd. grew its position in shares of Uranium Energy by 3,198.9% in the 1st quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock worth $55,000 after buying an additional 11,196 shares during the last quarter. Finally, Andrew Hill Investment Advisors Inc. purchased a new position in shares of Uranium Energy during the second quarter valued at approximately $68,000. 62.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Capital increased their price target on shares of Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. TD Securities upped their target price on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Zacks Research lowered Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 target price (up previously from $7.75) on shares of Uranium Energy in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Uranium Energy has a consensus rating of “Moderate Buy” and an average target price of $14.19.

Uranium Energy Stock Down 0.2%

Shares of UEC opened at $12.20 on Friday. The business has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $9.41. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $17.80. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of -71.76 and a beta of 1.40.

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.