Great Valley Advisor Group Inc. Reduces Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Great Valley Advisor Group Inc. trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 7.9% in the third quarter, Holdings Channel reports. The institutional investor owned 38,010 shares of the basic materials company’s stock after selling 3,242 shares during the period. Great Valley Advisor Group Inc.’s holdings in Uranium Energy were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Uranium Energy during the third quarter worth about $12,643,000. Van ECK Associates Corp grew its stake in Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after buying an additional 2,171,468 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Uranium Energy during the third quarter worth $501,000. Riverwater Partners LLC acquired a new position in Uranium Energy in the third quarter valued at $2,341,000. Finally, Grimes & Company Inc. purchased a new stake in Uranium Energy during the third quarter valued at about $394,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UEC. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm restated a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Insider Activity at Uranium Energy

In other news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the purchase, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $8.07 on Thursday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.77. The business has a 50-day simple moving average of $6.44. The company has a market cap of $3.32 billion, a P/E ratio of -134.81 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. As a group, equities analysts expect that Uranium Energy Corp. will post 0.09 EPS for the current year.

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.