Freedom Investment Management Inc. Has $654,000 Stake in Uranium Energy Corp. $UEC

Freedom Investment Management Inc. lowered its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,208 shares of the basic materials company’s stock after selling 7,122 shares during the quarter. Freedom Investment Management Inc.’s holdings in Uranium Energy were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of UEC. Wealth Enhancement Advisory Services LLC boosted its position in Uranium Energy by 101.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,196 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 11,688 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Uranium Energy by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 172,735 shares of the basic materials company’s stock valued at $826,000 after acquiring an additional 11,372 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Uranium Energy by 226.0% during the first quarter. Perigon Wealth Management LLC now owns 46,454 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 32,204 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Uranium Energy during the first quarter valued at $36,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Uranium Energy during the first quarter valued at $118,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $13.66 on Friday. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $17.80. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of -80.35 and a beta of 1.40. The firm’s 50-day simple moving average is $12.66 and its 200 day simple moving average is $8.74.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Securities upped their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 15th. The Goldman Sachs Group increased their price objective on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. HC Wainwright increased their price objective on shares of Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Roth Capital increased their price objective on shares of Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Zacks Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.19.

Insiders Place Their Bets

In related news, Director David Kong sold 50,800 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total value of $488,696.00. Following the transaction, the director owned 182,237 shares of the company’s stock, valued at approximately $1,753,119.94. This trade represents a 21.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Uranium Energy Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.