Strs Ohio Buys Shares of 30,800 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Strs Ohio acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 30,800 shares of the basic materials company’s stock, valued at approximately $197,000.

Several other hedge funds also recently modified their holdings of UEC. MMCAP International Inc. SPC boosted its holdings in shares of Uranium Energy by 59.4% during the 3rd quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company’s stock valued at $110,353,000 after acquiring an additional 7,987,736 shares in the last quarter. FMR LLC boosted its holdings in shares of Uranium Energy by 5,187.7% during the 3rd quarter. FMR LLC now owns 7,261,126 shares of the basic materials company’s stock valued at $37,395,000 after acquiring an additional 7,123,805 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Uranium Energy by 16.8% during the 3rd quarter. Alps Advisors Inc. now owns 14,889,161 shares of the basic materials company’s stock valued at $76,679,000 after acquiring an additional 2,142,316 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Uranium Energy by 9.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,422,579 shares of the basic materials company’s stock worth $110,326,000 after purchasing an additional 1,919,978 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Uranium Energy during the 3rd quarter worth $3,980,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Eight Capital raised their target price on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. HC Wainwright raised their target price on Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8.80.

Insider Transactions at Uranium Energy

In related news, Director David Kong sold 26,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the sale, the director now directly owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David Kong sold 26,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the sale, the director now directly owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Volpe Vincent Della sold 84,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the completion of the sale, the director now directly owns 186,095 shares of the company’s stock, valued at $1,520,396.15. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Uranium Energy Stock Performance

UEC stock opened at $6.76 on Wednesday. The stock has a 50-day simple moving average of $6.38. Uranium Energy Corp. has a 1-year low of $2.30 and a 1-year high of $8.34. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -675.50 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The firm had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. On average, equities analysts forecast that Uranium Energy Corp. will post 0.08 earnings per share for the current year.

Uranium Energy Company 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.