Themes Management Co LLC Takes $585,000 Position in Uranium Energy Corp. $UEC

Themes Management Co LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 50,053 shares of the basic materials company’s stock, valued at approximately $585,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UEC. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy in the third quarter valued at approximately $33,000. Sound Income Strategies LLC raised its holdings in shares of Uranium Energy by 159.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy in the third quarter valued at approximately $40,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $53,000. Finally, Allworth Financial LP raised its holdings in shares of Uranium Energy by 177.6% in the fourth quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 3,016 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $13.02 on Tuesday. Uranium Energy Corp. has a 1-year low of $5.63 and a 1-year high of $20.34. The firm has a fifty day simple moving average of $13.96 and a 200 day simple moving average of $14.22. The stock has a market capitalization of $6.38 billion, a PE ratio of -108.50 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. On average, equities analysts predict that Uranium Energy Corp. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on UEC shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, May 20th. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a report on Wednesday, March 11th. Finally, TD Securities lowered their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.66.

About Uranium Energy

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.