Geode Capital Management LLC Raises Stock Position in Uranium Energy Corp. $UEC

Geode Capital Management LLC boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,449,334 shares of the basic materials company’s stock after purchasing an additional 1,355,701 shares during the period. Geode Capital Management LLC owned approximately 2.37% of Uranium Energy worth $133,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UEC. AQR Capital Management LLC raised its stake in Uranium Energy by 56.6% during the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock worth $1,064,000 after purchasing an additional 80,464 shares during the period. Caxton Associates LLP purchased a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after acquiring an additional 423,994 shares during the period. Focus Partners Wealth raised its stake in shares of Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 19,407 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Uranium Energy by 24.2% in the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after acquiring an additional 15,744 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of UEC stock opened at $14.14 on Friday. The stock has a market capitalization of $6.93 billion, a P/E ratio of -117.83 and a beta of 1.12. The company has a 50 day moving average price of $14.08 and a 200 day moving average price of $14.31. Uranium Energy Corp. has a fifty-two week low of $5.90 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million during the quarter, compared to analyst estimates of $12.85 million. On average, research analysts forecast that Uranium Energy Corp. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UEC. TD Securities reduced their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research note on Wednesday, May 20th. Finally, Roth Mkm set a $17.00 price target on shares of Uranium Energy in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.66.

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.