Uranium Energy Corp. $UEC Shares Sold by Caxton Associates LLP

Caxton Associates LLP lowered its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 61.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375,179 shares of the basic materials company’s stock after selling 5,487,514 shares during the period. Uranium Energy makes up 1.0% of Caxton Associates LLP’s holdings, making the stock its 17th largest position. Caxton Associates LLP’s holdings in Uranium Energy were worth $45,565,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UEC. Sound Income Strategies LLC grew its stake in shares of Uranium Energy by 159.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 1,900 shares in the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of Uranium Energy during the fourth quarter valued at about $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Uranium Energy in the fourth quarter worth about $39,000. Longview Financial Advisors Inc. bought a new position in Uranium Energy in the 1st quarter valued at about $52,000. Finally, EFG International AG bought a new position in Uranium Energy in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Up 1.0%

Shares of Uranium Energy stock opened at $9.83 on Friday. Uranium Energy Corp. has a 52 week low of $7.80 and a 52 week high of $20.34. The stock has a market cap of $4.86 billion, a PE ratio of -81.92 and a beta of 1.18. The company’s 50-day moving average price is $11.51 and its two-hundred day moving average price is $13.89.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). On average, equities analysts predict that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UEC shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

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.