TimesSquare Capital Management LLC Grows Stake in Uranium Energy Corp. $UEC

TimesSquare Capital Management LLC raised its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 36.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,664,320 shares of the basic materials company’s stock after buying an additional 447,575 shares during the period. TimesSquare Capital Management LLC owned about 0.34% of Uranium Energy worth $19,439,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UEC. AQR Capital Management LLC boosted its position in shares of Uranium Energy by 56.6% during the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 80,464 shares during the period. Caxton Associates LLP purchased a new position in shares of Uranium Energy during the first quarter valued at approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Uranium Energy by 44.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after buying an additional 423,994 shares during the period. Focus Partners Wealth boosted its position in shares of Uranium Energy by 114.0% during the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after buying an additional 19,407 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Uranium Energy by 24.2% during the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after buying an additional 15,744 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $11.91 on Wednesday. The company has a 50 day moving average price of $14.05 and a 200-day moving average price of $14.26. Uranium Energy Corp. has a fifty-two week low of $5.03 and a fifty-two week high of $20.34. The company has a market capitalization of $5.84 billion, a PE ratio of -99.25 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly 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 company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. On average, analysts forecast that Uranium Energy Corp. will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UEC shares. The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research report on Wednesday, February 4th. Roth Mkm set a $17.00 target price on Uranium Energy in a research report on Wednesday, March 11th. HC Wainwright boosted their target price on Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, TD Securities dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.