SG Americas Securities LLC Boosts Position in Uranium Energy Corp. $UEC

SG Americas Securities LLC raised its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 128.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,280,011 shares of the basic materials company’s stock after acquiring an additional 719,524 shares during the period. SG Americas Securities LLC owned approximately 0.26% of Uranium Energy worth $14,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Uranium Energy by 34.5% in the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock worth $476,588,000 after buying an additional 9,159,024 shares during the last quarter. Norges Bank purchased a new position in Uranium Energy during the second quarter valued at approximately $105,058,000. Osaic Holdings Inc. raised its position in Uranium Energy by 88.4% during the second quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 100,560 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Uranium Energy by 38.2% in the third quarter. Pinnacle Associates Ltd. now owns 1,463,561 shares of the basic materials company’s stock valued at $19,524,000 after acquiring an additional 404,799 shares during the period. Finally, Voya Investment Management LLC boosted its position in Uranium Energy by 195.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,605,986 shares of the basic materials company’s stock worth $21,424,000 after purchasing an additional 1,061,566 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $12.92 on Friday. The firm has a fifty day moving average of $15.58 and a 200 day moving average of $14.12. The firm has a market cap of $6.33 billion, a PE ratio of -107.67 and a beta of 1.21. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. On average, equities analysts predict that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on UEC. HC Wainwright raised their price objective on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, TD Securities decreased their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.