Alpine Global Management LLC Decreases Stock Holdings in Uranium Energy Corp. $UEC

Alpine Global Management LLC lowered its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 75.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the basic materials company’s stock after selling 75,000 shares during the period. Alpine Global Management LLC’s holdings in Uranium Energy were worth $334,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UEC. Danske Bank A S acquired a new stake in Uranium Energy in the third quarter valued at $137,000. Fulcrum Asset Management LLP acquired a new position in shares of Uranium Energy during the 3rd quarter worth about $67,000. Abel Hall LLC acquired a new position in shares of Uranium Energy during the 3rd quarter worth about $135,000. NewEdge Advisors LLC increased its holdings in shares of Uranium Energy by 8.4% in the 3rd quarter. NewEdge Advisors LLC now owns 19,398 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 1,503 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Uranium Energy by 115.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 472,531 shares of the basic materials company’s stock worth $6,540,000 after acquiring an additional 253,335 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $13.53 on Thursday. The firm’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $14.04. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -112.75 and a beta of 1.21.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. Analysts anticipate that Uranium Energy Corp. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

UEC has been the subject of a number of research analyst reports. TD Securities lowered their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. HC Wainwright boosted their price objective on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Finally, National Bank Financial increased their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research report on Friday, December 19th. One research 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 company’s stock. According to data from MarketBeat.com, Uranium Energy has an average rating of “Moderate Buy” and an average target price of $17.53.

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.