244,565 Shares in Uranium Energy Corp. $UEC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 244,565 shares of the basic materials company’s stock, valued at approximately $2,857,000. Hsbc Holdings PLC owned 0.05% of Uranium Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Independent Wealth Network Inc. grew its holdings in shares of Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after purchasing an additional 597 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in 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 valued at $338,000 after buying an additional 655 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Uranium Energy by 5.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock valued at $184,000 after buying an additional 778 shares during the period. Heritage Family Offices LLP boosted its holdings in shares of Uranium Energy by 5.2% during the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 785 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Uranium Energy by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock valued at $687,000 after purchasing an additional 809 shares during the period. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on UEC shares. 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. Roth Mkm set a $17.00 target price on Uranium Energy in a research note on Wednesday, March 11th. HC Wainwright restated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a report on Wednesday, June 10th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

Uranium Energy Price Performance

Uranium Energy stock opened at $10.80 on Monday. The company has a market capitalization of $5.34 billion, a P/E ratio of -90.00 and a beta of 1.12. The stock’s 50 day moving average is $13.37 and its 200 day moving average is $14.21. Uranium Energy Corp. has a twelve month low of $5.90 and a twelve month high of $20.34.

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.