83,073 Shares in Uranium Energy Corp. $UEC Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 83,073 shares of the basic materials company’s stock, valued at approximately $1,108,000.

A number of other institutional investors also recently bought and sold shares of UEC. Ameritas Advisory Services LLC acquired a new stake in Uranium Energy during the 3rd quarter valued at approximately $33,000. Operose Advisors LLC purchased a new position in shares of Uranium Energy during the second quarter worth $34,000. GPS Wealth Strategies Group LLC lifted its position in Uranium Energy by 31.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,100 shares during the period. Semus Wealth Partners LLC purchased a new stake in Uranium Energy in the second quarter valued at $68,000. Finally, Brookwood Investment Group LLC purchased a new stake in Uranium Energy in the second quarter valued at $85,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UEC. National Bank Financial boosted their price objective on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a report on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a research report on Wednesday, February 4th. Roth Mkm restated a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.66.

Uranium Energy Trading Up 0.9%

NYSEAMERICAN UEC opened at $16.25 on Friday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of -135.42 and a beta of 1.22. The stock has a 50-day moving average of $15.33 and a 200 day moving average of $13.47. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $20.34.

Uranium Energy Company Profile

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.