Alps Advisors Inc. Lowers Holdings in Uranium Energy Corp. $UEC

Alps Advisors Inc. reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 6.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,008,540 shares of the basic materials company’s stock after selling 1,010,547 shares during the period. Uranium Energy comprises about 1.1% of Alps Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. Alps Advisors Inc.’s holdings in Uranium Energy were worth $200,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its position in shares of Uranium Energy by 732.8% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after buying an additional 3,503 shares in the last quarter. Operose Advisors LLC purchased a new stake in Uranium Energy in the second quarter worth about $34,000. GPS Wealth Strategies Group LLC grew its holdings in Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 1,100 shares in the last quarter. Semus Wealth Partners LLC bought a new position in Uranium Energy during the 2nd quarter worth about $68,000. Finally, Brookwood Investment Group LLC purchased a new position in Uranium Energy during the 2nd quarter valued at about $85,000. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Roth Mkm restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research report on Wednesday. Finally, National Bankshares boosted their price target on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Uranium Energy presently has an average rating of “Buy” and an average target price of $15.03.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $16.12 on Friday. The business’s 50-day moving average is $14.79 and its 200 day moving average is $13.00. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The firm has a market capitalization of $7.79 billion, a P/E ratio of -134.33 and a beta of 1.22.

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.