Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Murchinson Ltd.

Murchinson Ltd. lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 55.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 444,987 shares of the basic materials company’s stock after selling 555,013 shares during the period. Uranium Energy comprises about 0.5% of Murchinson Ltd.’s portfolio, making the stock its 18th largest holding. Murchinson Ltd. owned 0.11% of Uranium Energy worth $2,674,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC raised its position in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,905 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Uranium Energy in the 4th quarter valued at about $64,000. Kingswood Wealth Advisors LLC acquired a new position in Uranium Energy in the 1st quarter worth about $68,000. Parallel Advisors LLC boosted its position in Uranium Energy by 39.7% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,923 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Uranium Energy in the first quarter valued at approximately $75,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $9.00 target price on shares of Uranium Energy in a research note on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average price target of $10.19.

Uranium Energy Trading Up 11.7 %

Uranium Energy stock opened at $6.19 on Tuesday. The stock’s 50-day moving average price is $6.47. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.34. The firm has a market capitalization of $2.53 billion, a PE ratio of -206.33 and a beta of 1.84.

Insider Buying and Selling

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

About Uranium Energy

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.