Kingswood Wealth Advisors LLC Purchases Shares of 10,000 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Kingswood Wealth Advisors LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the basic materials company’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Uranium Energy by 22.2% during the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after buying an additional 1,776 shares during the period. Parallel Advisors LLC lifted its stake in shares of Uranium Energy by 39.7% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after buying an additional 2,923 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Uranium Energy during the fourth quarter valued at approximately $27,000. Chicago Partners Investment Group LLC lifted its stake in shares of Uranium Energy by 15.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 33,186 shares of the basic materials company’s stock valued at $212,000 after buying an additional 4,385 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of Uranium Energy during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of UEC opened at $6.01 on Friday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -200.33 and a beta of 1.84. The company has a fifty day moving average of $6.70. Uranium Energy Corp. has a fifty-two week low of $2.87 and a fifty-two week high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its 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%. Equities research analysts anticipate that Uranium Energy Corp. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8.90.

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.