Segra Capital Management LLC Purchases 550,000 Shares of Uranium Energy Corp. $UEC

Segra Capital Management LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 550,000 shares of the basic materials company’s stock, valued at approximately $5,198,000. Uranium Energy accounts for 0.5% of Segra Capital Management LLC’s holdings, making the stock its 11th largest holding.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Uranium Energy by 6.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $199,000 after buying an additional 1,050 shares during the period. Integrated Wealth Concepts LLC lifted its position in Uranium Energy by 28.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company’s stock worth $711,000 after acquiring an additional 14,679 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Uranium Energy by 49.9% in the 2nd quarter. NewEdge Advisors LLC now owns 30,133 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 10,037 shares during the period. Squarepoint Ops LLC boosted its holdings in Uranium Energy by 117.8% in the 2nd quarter. Squarepoint Ops LLC now owns 28,589 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 15,464 shares during the period. Finally, Arizona State Retirement System grew its position in Uranium Energy by 1.8% in the second quarter. Arizona State Retirement System now owns 135,266 shares of the basic materials company’s stock valued at $1,442,000 after acquiring an additional 2,407 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UEC shares. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a research note on Tuesday, June 9th. Jefferies Financial Group started coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They issued a “hold” rating and a $11.50 target price for the company. Royal Bank Of Canada assumed coverage on shares of Uranium Energy in a report on Friday. They set a “sector perform” rating and a $10.00 price target for the company. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.75.

Uranium Energy Stock Up 10.8%

Shares of Uranium Energy stock traded up $1.01 on Tuesday, hitting $10.36. 8,433,324 shares of the company’s stock traded hands, compared to its average volume of 9,769,021. The stock has a market cap of $5.14 billion, a P/E ratio of -36.85 and a beta of 1.38. The firm’s 50-day moving average is $10.82 and its 200 day moving average is $11.99. Uranium Energy Corp. has a 52-week low of $8.90 and a 52-week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The company had revenue of $17.05 million for the quarter, compared to analyst estimates of $9.00 million. Equities research analysts forecast that Uranium Energy Corp. will post -0.08 EPS for the current year.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.

UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.