Uranium Energy Corp. $UEC Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 94.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,089 shares of the basic materials company’s stock after selling 770,083 shares during the period. Emerald Advisers LLC’s holdings in Uranium Energy were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UEC. IFP Advisors Inc grew its stake in Uranium Energy by 732.8% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Uranium Energy in the first quarter worth about $36,000. Oarsman Capital Inc. grew its stake in Uranium Energy by 900.0% in the first quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 9,000 shares in the last quarter. Teza Capital Management LLC acquired a new position in Uranium Energy in the first quarter worth about $49,000. Finally, Russell Investments Group Ltd. grew its stake in Uranium Energy by 3,198.9% in the first quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 11,196 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Up 2.3%

Shares of NYSEAMERICAN UEC opened at $15.58 on Thursday. The firm’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $8.98. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $17.80. The stock has a market capitalization of $7.53 billion, a P/E ratio of -91.64 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $14.00 price target (up from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Zacks Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. The Goldman Sachs Group raised their target price on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the stock a “buy” rating in a report on Wednesday, September 24th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.19.

Insider Buying and Selling at Uranium Energy

In other news, Director David Kong sold 50,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the transaction, the director directly owned 182,237 shares in the company, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

About Uranium Energy

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.