International Assets Investment Management LLC Sells 11,139 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

International Assets Investment Management LLC cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,750 shares of the basic materials company’s stock after selling 11,139 shares during the quarter. International Assets Investment Management LLC’s holdings in Uranium Energy were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of UEC. MMCAP International Inc. SPC raised its stake in shares of Uranium Energy by 18.1% during the fourth quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company’s stock worth $160,558,000 after acquiring an additional 3,876,952 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Uranium Energy by 7.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,943,719 shares of the basic materials company’s stock valued at $146,840,000 after buying an additional 1,521,140 shares during the period. Vanguard Group Inc. grew its stake in shares of Uranium Energy by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock valued at $142,226,000 after buying an additional 967,448 shares during the last quarter. Norges Bank purchased a new position in shares of Uranium Energy in the fourth quarter worth about $96,000,000. Finally, Alps Advisors Inc. lifted its stake in shares of Uranium Energy by 16.8% in 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 during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Uranium Energy has a consensus rating of “Moderate Buy” and an average price target of $8.90.

Uranium Energy Trading Up 4.4 %

Shares of UEC stock opened at $5.96 on Friday. Uranium Energy Corp. has a fifty-two week low of $2.87 and a fifty-two week high of $8.34. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -198.67 and a beta of 1.84. The stock has a 50 day simple moving average of $6.69.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. On average, research analysts forecast that Uranium Energy Corp. will post 0.03 EPS for the current fiscal 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.