Murchinson Ltd. Sells 110,026 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Murchinson Ltd. cut its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 889,974 shares of the basic materials company’s stock after selling 110,026 shares during the quarter. Uranium Energy makes up about 0.8% of Murchinson Ltd.’s investment portfolio, making the stock its 15th largest position. Murchinson Ltd. owned approximately 0.22% of Uranium Energy worth $5,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Driehaus Capital Management LLC lifted its position in shares of Uranium Energy by 1.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after purchasing an additional 90,522 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Uranium Energy by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,148 shares of the basic materials company’s stock worth $1,347,000 after purchasing an additional 11,987 shares during the period. Caxton Associates LP purchased a new stake in shares of Uranium Energy in the 2nd quarter worth approximately $372,000. Bank of Montreal Can lifted its position in shares of Uranium Energy by 134.2% in the 2nd quarter. Bank of Montreal Can now owns 72,453 shares of the basic materials company’s stock worth $436,000 after purchasing an additional 41,519 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of Uranium Energy in the 2nd quarter worth approximately $329,000. 62.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uranium Energy

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $6.37 on Friday. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.34. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -212.33 and a beta of 1.84. The company’s 50 day moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. 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 0.01 EPS for the current fiscal year.

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.