TimesSquare Capital Management LLC Acquires New Position in Uranium Energy Corp. $UEC

TimesSquare Capital Management LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the second quarter, Holdings Channel reports. The institutional investor bought 1,685,961 shares of the basic materials company’s stock, valued at approximately $17,972,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Uranium Energy during the fourth quarter valued at approximately $39,000. PenderFund Capital Management Ltd. purchased a new position in shares of Uranium Energy during the fourth quarter worth approximately $39,000. EFG International AG bought a new stake in shares of Uranium Energy in the 4th quarter worth approximately $47,000. Longview Financial Advisors Inc. bought a new stake in shares of Uranium Energy in the 1st quarter worth approximately $52,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Uranium Energy in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

Uranium Energy Trading Down 0.4%

Shares of NYSEAMERICAN:UEC opened at $11.17 on Tuesday. The company has a 50-day moving average price of $10.53 and a 200-day moving average price of $13.13. The company has a market cap of $5.53 billion, a price-to-earnings ratio of -93.08 and a beta of 1.22. Uranium Energy Corp. has a 12 month low of $8.90 and a 12 month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). As a group, research analysts forecast that Uranium Energy Corp. will post -0.15 EPS 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.