BI Asset Management Fondsmaeglerselskab A S Invests $1.53 Million in Uranium Energy Corp. $UEC

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 131,173 shares of the basic materials company’s stock, valued at approximately $1,533,000.

Several other hedge funds have also recently modified their holdings of the business. Pinebridge Investments LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth $3,897,000. J.W. Cole Advisors Inc. increased its position in Uranium Energy by 14.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 13,147 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 1,646 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Uranium Energy during the fourth quarter valued at $129,000. TD Asset Management Inc purchased a new stake in Uranium Energy during the fourth quarter valued at $564,000. Finally, Disciplined Investors L.L.C. purchased a new stake in Uranium Energy during the fourth quarter valued at $491,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Key Uranium Energy News

Here are the key news stories impacting Uranium Energy this week:

Uranium Energy Stock Down 15.5%

Uranium Energy stock opened at $10.65 on Wednesday. The business has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $14.32. Uranium Energy Corp. has a 52-week low of $5.90 and a 52-week high of $20.34. The company has a market cap of $5.22 billion, a P/E ratio of -88.75 and a beta of 1.12.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last released its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The business had revenue of $8.50 million during the quarter, compared to analyst estimates of $8.50 million. Research analysts anticipate that Uranium Energy Corp. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on UEC. HC Wainwright restated a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a research note on Wednesday, May 20th. Roth Mkm set a $17.00 price target on Uranium Energy in a research note on Wednesday, March 11th. TD Securities cut their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Tuesday. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

View Our Latest Analysis on UEC

About Uranium Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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