American Century Companies Inc. Raises Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

American Century Companies Inc. raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 961.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,400,076 shares of the basic materials company’s stock after acquiring an additional 1,268,141 shares during the period. American Century Companies Inc. owned approximately 0.34% of Uranium Energy worth $8,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. MMCAP International Inc. SPC boosted its holdings in shares of Uranium Energy by 17.0% in the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares in the last quarter. Vanguard Group Inc. raised its position in Uranium Energy by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after purchasing an additional 538,703 shares during the period. Victory Capital Management Inc. lifted its stake in Uranium Energy by 33.8% in the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock worth $21,103,000 after purchasing an additional 886,445 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Uranium Energy by 64.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock valued at $16,741,000 after acquiring an additional 1,095,268 shares during the period. Finally, Vident Advisory LLC increased its stake in Uranium Energy by 5.7% in the 1st quarter. Vident Advisory LLC now owns 1,905,000 shares of the basic materials company’s stock worth $12,859,000 after purchasing an additional 101,950 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 11.7 %

UEC opened at $6.19 on Tuesday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.34. The stock has a 50-day moving average of $6.47. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -206.33 and a beta of 1.84.

Analyst Ratings Changes

A number of equities analysts have issued reports on UEC shares. HC Wainwright restated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research report on Wednesday, August 14th. Roth Mkm reaffirmed a “buy” rating and set a $9.00 price target on shares of Uranium Energy in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uranium Energy has a consensus rating of “Moderate Buy” and an average target price of $10.19.

Insiders Place Their Bets

In related news, CEO Amir Adnani bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amir Adnani bought 60,000 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

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.