SG Americas Securities LLC Sells 114,660 Shares of Uranium Energy Corp. $UEC

SG Americas Securities LLC trimmed its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 17.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 560,487 shares of the basic materials company’s stock after selling 114,660 shares during the period. SG Americas Securities LLC owned 0.12% of Uranium Energy worth $7,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UEC. AQR Capital Management LLC grew its holdings in Uranium Energy by 56.6% during the first 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 during the last quarter. Caxton Associates LLP bought a new stake in shares of Uranium Energy during the 1st quarter worth $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 buying an additional 423,994 shares during the last quarter. Focus Partners Wealth grew its stake in 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 buying an additional 19,407 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Uranium Energy by 3.3% in the 1st quarter. Rhumbline Advisers now owns 599,395 shares of the basic materials company’s stock worth $2,865,000 after acquiring an additional 19,416 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Up 1.3%

UEC stock opened at $14.76 on Friday. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $17.80. The company has a market cap of $7.13 billion, a PE ratio of -123.00 and a beta of 1.23. The business’s 50-day simple moving average is $12.60 and its 200 day simple moving average is $11.48.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UEC. BMO Capital Markets restated a “market perform” rating and set a $14.00 price target (up from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. HC Wainwright boosted their price objective on Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Canaccord Genuity Group set a $17.50 target price on Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. Stifel Nicolaus assumed coverage on Uranium Energy in a report on Monday, October 6th. They issued a “buy” rating and a $10.50 target price on the stock. Finally, Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Uranium Energy currently has a consensus rating of “Buy” and an average target price of $14.92.

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.