De Lisle Partners LLP Cuts Holdings in Uranium Energy Corp. $UEC

De Lisle Partners LLP lessened its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,783 shares of the basic materials company’s stock after selling 82,489 shares during the period. De Lisle Partners LLP’s holdings in Uranium Energy were worth $2,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 80,464 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Uranium Energy in the 1st quarter valued at $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Uranium Energy by 44.9% in the 1st 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 valued at $6,537,000 after purchasing an additional 423,994 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 19,407 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Uranium Energy by 24.2% in the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 15,744 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of a number of research reports. TD Securities cut their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Tuesday. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research note on Wednesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.41.

Uranium Energy Stock Up 3.8%

Shares of UEC opened at $11.03 on Friday. The stock has a market capitalization of $5.46 billion, a P/E ratio of -91.92 and a beta of 1.12. The firm has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $14.28. Uranium Energy Corp. has a twelve month low of $5.90 and a twelve month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. Sell-side analysts expect that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year.

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.