Uranium Energy Corp. $UEC Holdings Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 55.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,793 shares of the basic materials company’s stock after purchasing an additional 56,671 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Uranium Energy were worth $1,866,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UEC. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy in the third quarter worth $33,000. Operose Advisors LLC acquired a new position in Uranium Energy during the second quarter valued at $34,000. Strategic Advocates LLC acquired a new position in Uranium Energy during the third quarter valued at $40,000. GPS Wealth Strategies Group LLC lifted its stake in Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Uranium Energy in the 3rd quarter worth about $67,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the topic of several research analyst reports. HC Wainwright lifted their target price on Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research note on Wednesday, March 11th. National Bank Financial increased their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. TD Securities decreased their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. One investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $17.53.

Uranium Energy Trading Down 0.5%

UEC opened at $13.43 on Thursday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -111.92 and a beta of 1.18. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The stock has a fifty day moving average price of $15.27 and a 200 day moving average price of $14.14.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. As a group, sell-side analysts forecast that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal 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.