California Public Employees Retirement System Takes $8.62 Million Position in Uranium Energy Corp. $UEC

California Public Employees Retirement System acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 638,511 shares of the basic materials company’s stock, valued at approximately $8,620,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Independent Wealth Network Inc. lifted its position 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 grew its holdings in shares of Uranium Energy by 2.3% in 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 last quarter. Balboa Wealth Partners raised its position in shares of Uranium Energy by 2.9% during the first quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 775 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Uranium Energy by 5.2% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 778 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Uranium Energy by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock worth $687,000 after purchasing an additional 809 shares during the period. 62.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UEC shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $9.51 on Friday. The company has a market cap of $4.71 billion, a PE ratio of -79.25 and a beta of 1.18. Uranium Energy Corp. has a 52 week low of $7.80 and a 52 week high of $20.34. The firm has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $13.86.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). On average, equities analysts predict that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

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.