Magnetar Financial LLC Reduces Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Magnetar Financial LLC decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,786 shares of the basic materials company’s stock after selling 3,779 shares during the quarter. Magnetar Financial LLC’s holdings in Uranium Energy were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UEC. EntryPoint Capital LLC boosted its holdings 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 buying an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Uranium Energy during the fourth quarter valued at approximately $64,000. Parallel Advisors LLC lifted its holdings 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 valued at $66,000 after purchasing an additional 2,923 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Uranium Energy during the first quarter valued at approximately $68,000. Finally, Blackhawk Capital Partners LLC. purchased a new position in Uranium Energy during the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Insider Activity at Uranium Energy

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

Analyst Ratings Changes

UEC has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $9.00 price target on shares of Uranium Energy in a report on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and an average target price of $10.19.

Uranium Energy Trading Up 4.4 %

UEC stock opened at $6.47 on Wednesday. The stock has a fifty day moving average of $6.47. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.34.

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.