Uranium Energy Corp. $UEC Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 597,650 shares of the basic materials company’s stock after selling 86,895 shares during the period. First Trust Advisors LP’s holdings in Uranium Energy were worth $8,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Uranium Energy by 56.6% during the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock worth $1,064,000 after buying an additional 80,464 shares during the last quarter. Caxton Associates LLP acquired a new position in Uranium Energy in the first quarter valued at approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Uranium Energy by 44.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after acquiring an additional 423,994 shares during the period. Focus Partners Wealth grew its position in Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 19,407 shares during the period. Finally, Cetera Investment Advisers increased its stake in Uranium Energy by 24.2% during the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock worth $549,000 after acquiring an additional 15,744 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Uranium Energy stock opened at $9.60 on Friday. The company’s 50 day simple moving average is $11.10 and its 200-day simple moving average is $13.69. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of -80.00 and a beta of 1.18. Uranium Energy Corp. has a 1 year low of $7.80 and a 1 year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Equities analysts expect that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. HC Wainwright restated a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.41.

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.