Uranium Energy Corp. $UEC Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 88.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 214,323 shares of the basic materials company’s stock after purchasing an additional 100,560 shares during the period. Osaic Holdings Inc.’s holdings in Uranium Energy were worth $1,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UEC. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Uranium Energy by 1,954.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock valued at $1,045,000 after buying an additional 146,138 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Uranium Energy by 207.5% during the 2nd quarter. Ballentine Partners LLC now owns 31,476 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 21,241 shares during the period. MQS Management LLC acquired a new position in Uranium Energy in the 2nd quarter valued at about $137,000. Norges Bank purchased a new stake in Uranium Energy during the second quarter worth about $105,058,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Uranium Energy during the second quarter worth about $310,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

UEC has been the subject of a number of research reports. National Bankshares lifted their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a report on Friday, December 19th. Roth Capital reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $14.00 price objective (up previously from $7.75) on shares of Uranium Energy in a research report on Thursday, September 25th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Stifel Nicolaus initiated coverage on Uranium Energy in a research note on Monday, October 6th. They set a “buy” rating and a $10.50 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $14.92.

Uranium Energy Trading Down 3.5%

Shares of UEC opened at $11.77 on Wednesday. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of -98.08 and a beta of 1.35. The firm’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $11.16. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $17.80.

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.