Riverwater Partners LLC Has $1.30 Million Stake in Uranium Energy Corp. $UEC

Riverwater Partners LLC decreased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 64.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 97,388 shares of the basic materials company’s stock after selling 179,483 shares during the quarter. Riverwater Partners LLC’s holdings in Uranium Energy were worth $1,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UEC. Mirae Asset Global Investments Co. Ltd. raised its position in Uranium Energy by 1,954.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 146,138 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Uranium Energy by 207.5% in the second quarter. Ballentine Partners LLC now owns 31,476 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 21,241 shares during the last quarter. MQS Management LLC bought a new position in Uranium Energy during the 2nd quarter worth $137,000. Norges Bank bought a new position in Uranium Energy during the second quarter worth about $105,058,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Uranium Energy by 88.4% during the second quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock worth $1,457,000 after purchasing an additional 100,560 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of UEC stock opened at $18.35 on Tuesday. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $20.34. The business’s 50 day simple moving average is $13.78 and its 200 day simple moving average is $12.42. The stock has a market capitalization of $8.87 billion, a PE ratio of -152.92 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UEC shares. Roth Mkm reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Thursday, December 11th. National Bankshares increased their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Stifel Nicolaus initiated coverage on shares of Uranium Energy in a research report on Monday, October 6th. They issued a “buy” rating and a $10.50 target price for the company. Finally, Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $14.92.

Uranium Energy Company Profile

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.