Uranium Energy Corp. $UEC Stake Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 205.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 135,154 shares of the basic materials company’s stock after acquiring an additional 90,845 shares during the period. Fulcrum Asset Management LLP’s holdings in Uranium Energy were worth $1,256,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in Uranium Energy by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,372 shares of the basic materials company’s stock valued at $340,000 after acquiring an additional 1,518 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Uranium Energy by 68.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 134,611 shares of the basic materials company’s stock worth $1,272,000 after acquiring an additional 54,495 shares during the period. Alps Advisors Inc. grew its holdings in shares of Uranium Energy by 14.4% during the 3rd quarter. Alps Advisors Inc. now owns 11,242,054 shares of the basic materials company’s stock worth $106,237,000 after acquiring an additional 1,412,725 shares during the period. CenterBook Partners LP bought a new position in shares of Uranium Energy in the 3rd quarter worth approximately $197,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of Uranium Energy by 55.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 33,658 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 11,945 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on UEC shares. Zacks Research cut Uranium Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. National Bank Financial reduced their price target on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Jefferies Financial Group assumed coverage on Uranium Energy in a research note on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price target on the stock. Royal Bank Of Canada started coverage on Uranium Energy in a report on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price objective for the company. Finally, HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, September 30th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $7.23 on Thursday. Uranium Energy Corp. has a 1 year low of $6.11 and a 1 year high of $20.34. The stock has a market cap of $3.58 billion, a P/E ratio of -25.82 and a beta of 1.36. The firm has a 50-day moving average of $9.00 and a 200 day moving average of $12.11.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million for the quarter, compared to analyst estimates of $9.00 million. Research analysts expect that Uranium Energy Corp. will post -0.20 earnings per share for the current fiscal year.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on supplying uranium for nuclear power generation. Its activities include developing and operating in-situ recovery projects, a mining method that dissolves uranium underground and pumps it to the surface for processing. The company’s principal product is uranium concentrate. The company’s U.S. projects and processing facilities are located primarily in Wyoming and South Texas. It also holds uranium exploration and development interests in Canada, including projects in the Athabasca Basin.