Knights of Columbus Asset Advisors LLC Purchases Shares of 41,598 Uranium Energy Corp. $UEC

Knights of Columbus Asset Advisors LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,598 shares of the basic materials company’s stock, valued at approximately $486,000.

A number of other institutional investors have also recently made changes to their positions in UEC. Vanguard Group Inc. grew its position in shares of Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after buying an additional 11,521,597 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Uranium Energy by 9.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after buying an additional 2,393,683 shares during the last quarter. State Street Corp grew its position in shares of Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after buying an additional 2,000,516 shares during the last quarter. Invesco Ltd. grew its position in shares of Uranium Energy by 235.9% in the 3rd quarter. Invesco Ltd. now owns 2,844,239 shares of the basic materials company’s stock valued at $37,942,000 after buying an additional 1,997,550 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Uranium Energy in the 4th quarter valued at about $22,260,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $13.77 on Friday. Uranium Energy Corp. has a one year low of $5.63 and a one year high of $20.34. The stock’s 50-day moving average is $13.96 and its 200 day moving average is $14.23. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -114.75 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. On average, sell-side analysts expect that Uranium Energy Corp. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Securities reduced their price target on 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 reiterated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Uranium Energy in a research report on Wednesday, February 4th. Finally, Roth Mkm set a $17.00 price target on Uranium Energy in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Uranium Energy presently has a consensus rating of “Moderate Buy” and an average price target of $17.66.

Uranium Energy 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.