Freedom Investment Management Inc. Decreases Position in Uranium Energy Corp. $UEC

Freedom Investment Management Inc. lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,208 shares of the basic materials company’s stock after selling 7,122 shares during the period. Freedom Investment Management Inc.’s holdings in Uranium Energy were worth $654,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. MMCAP International Inc. SPC increased its stake in shares of Uranium Energy by 8.6% during the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock worth $94,244,000 after purchasing an additional 1,559,173 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock worth $28,350,000 after purchasing an additional 3,235,394 shares during the last quarter. Encompass Capital Advisors LLC increased its stake in shares of Uranium Energy by 255.1% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares during the last quarter. Northern Trust Corp increased its stake in shares of Uranium Energy by 3.2% during the 1st quarter. Northern Trust Corp now owns 4,156,467 shares of the basic materials company’s stock worth $19,868,000 after purchasing an additional 128,329 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Uranium Energy by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company’s stock worth $16,351,000 after purchasing an additional 11,542 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $13.66 on Friday. The firm has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $8.74. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $17.80. The company has a market cap of $6.60 billion, a price-to-earnings ratio of -80.35 and a beta of 1.40.

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the transaction, the director directly owned 182,237 shares of the company’s stock, valued at $1,753,119.94. This trade represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. HC Wainwright lifted their price objective on shares of Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a research note on Thursday, September 25th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Monday, October 6th. They issued a “buy” rating and a $10.50 price objective for the company. TD Securities lifted their price objective on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Canaccord Genuity Group set a $17.50 price objective on shares of Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.19.

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.