Stonehage Fleming Financial Services Holdings Ltd Lowers Stake in Uranium Energy Corp. $UEC

Stonehage Fleming Financial Services Holdings Ltd cut its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 85.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,833 shares of the basic materials company’s stock after selling 49,916 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Uranium Energy were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Uranium Energy by 1,954.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock valued at $1,045,000 after buying an additional 146,138 shares during the period. Ballentine Partners LLC increased its position in shares of Uranium Energy by 207.5% in the second quarter. Ballentine Partners LLC now owns 31,476 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 21,241 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Uranium Energy in the second quarter worth $137,000. Norges Bank purchased a new position in shares of Uranium Energy in the 2nd quarter valued at $105,058,000. Finally, Osaic Holdings Inc. raised its stake in shares of Uranium Energy by 88.4% in the 2nd quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 100,560 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UEC shares. Stifel Nicolaus began coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. National Bankshares upped their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Roth Mkm reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. Finally, Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.92.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $19.20 on Wednesday. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The stock’s 50-day simple moving average is $13.93 and its 200-day simple moving average is $12.51. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of -160.00 and a beta of 1.23.

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.