SG Americas Securities LLC Lowers Stock Holdings in Uranium Energy Corp. $UEC

SG Americas Securities LLC cut its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,210,877 shares of the basic materials company’s stock after selling 69,134 shares during the period. SG Americas Securities LLC owned 0.25% of Uranium Energy worth $16,347,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Independent Wealth Network Inc. increased its stake in shares of Uranium Energy by 2.0% during the 4th quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 597 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Uranium Energy by 2.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 655 shares during the period. Balboa Wealth Partners boosted its position in shares of Uranium Energy by 2.9% in the first quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock worth $376,000 after acquiring an additional 775 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 778 shares during the period. Finally, Heritage Family Offices LLP grew its holdings in Uranium Energy by 5.2% in the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 785 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UEC shares. HC Wainwright reiterated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. Roth Mkm set a $17.00 target price on Uranium Energy in a research report on Wednesday, March 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. Finally, 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 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.41.

Uranium Energy Trading Down 2.8%

Shares of Uranium Energy stock opened at $10.59 on Friday. The company has a fifty day moving average price of $13.45 and a 200 day moving average price of $14.23. Uranium Energy Corp. has a twelve month low of $5.90 and a twelve month high of $20.34. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of -88.25 and a beta of 1.12.

Uranium Energy 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.