Victory Capital Management Inc. Increases Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Victory Capital Management Inc. increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,554,149 shares of the basic materials company’s stock after buying an additional 42,904 shares during the quarter. Victory Capital Management Inc.’s holdings in Uranium Energy were worth $22,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UEC. Janney Montgomery Scott LLC purchased a new stake in Uranium Energy during the 1st quarter valued at about $75,000. Empowered Funds LLC purchased a new stake in Uranium Energy during the 1st quarter valued at about $116,000. ProShare Advisors LLC grew its stake in Uranium Energy by 10.6% during the 1st quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock valued at $468,000 after purchasing an additional 6,643 shares during the last quarter. Vanguard Group Inc. grew its stake in Uranium Energy by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock valued at $153,640,000 after purchasing an additional 538,703 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in Uranium Energy during the 1st quarter valued at about $1,098,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Up 11.8 %

NYSEAMERICAN UEC opened at $8.30 on Tuesday. The firm has a market cap of $3.41 billion, a PE ratio of -138.23 and a beta of 1.82. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.67. The business has a 50-day simple moving average of $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. As a group, equities analysts anticipate that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UEC. Roth Mkm reiterated a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th.

Insiders Place Their Bets

In related news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amir Adnani purchased 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

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.