Bank of Montreal Can Has $436,000 Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of Montreal Can boosted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 134.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,453 shares of the basic materials company’s stock after purchasing an additional 41,519 shares during the period. Bank of Montreal Can’s holdings in Uranium Energy were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC raised its stake in Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,905 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Uranium Energy in the fourth quarter valued at $64,000. Kingswood Wealth Advisors LLC bought a new position in shares of Uranium Energy in the first quarter valued at about $68,000. Blackhawk Capital Partners LLC. acquired a new stake in shares of Uranium Energy during the 2nd quarter worth about $69,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Uranium Energy during the 1st quarter worth about $75,000. 62.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Amir Adnani purchased 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $6.77 on Thursday. The firm has a market capitalization of $2.79 billion, a P/E ratio of -225.67 and a beta of 1.84. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.34. The business’s 50-day simple moving average is $6.38.

Uranium Energy (NYSEAMERICAN:UEC) last announced 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 return on equity of 4.98% and a negative net margin of 8.20%. As a group, equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current year.

Analyst Ratings Changes

UEC has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm lifted their target price on Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

Uranium Energy 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.