Hennion & Walsh Asset Management Inc. Acquires 56,671 Shares of Uranium Energy Corp. $UEC

Hennion & Walsh Asset Management Inc. raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,793 shares of the basic materials company’s stock after acquiring 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.

Other large investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Uranium Energy during the 3rd quarter worth $33,000. Operose Advisors LLC bought a new position in shares of Uranium Energy during the 2nd quarter valued at $34,000. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy in the 3rd quarter valued at $40,000. GPS Wealth Strategies Group LLC lifted its stake in shares of 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 valued at $62,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in Uranium Energy in the third quarter worth $67,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Down 0.5%

NYSEAMERICAN UEC opened at $13.43 on Thursday. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The company has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $14.14. The company has a market cap of $6.58 billion, a P/E ratio of -111.92 and a beta of 1.18.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. Equities research analysts forecast that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UEC has been the topic of several analyst reports. TD Securities lowered their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. HC Wainwright boosted their price target on Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, National Bank Financial raised their price objective on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.53.

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.