Wealth Enhancement Advisory Services LLC Reduces Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 65.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,120 shares of the basic materials company’s stock after selling 25,316 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Uranium Energy were worth $81,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MMCAP International Inc. SPC raised 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 valued at $199,874,000 after acquiring an additional 4,306,240 shares in the last quarter. Rokos Capital Management LLP purchased a new stake in shares of Uranium Energy in the 1st quarter valued at about $10,396,000. American Century Companies Inc. raised its holdings in shares of Uranium Energy by 961.2% in the 2nd quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after acquiring an additional 1,268,141 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Uranium Energy by 64.8% in 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 in the last quarter. Finally, Murchinson Ltd. purchased a new stake in shares of Uranium Energy in the 1st quarter valued at about $6,750,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UEC. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Stock Down 4.6 %

NYSEAMERICAN UEC opened at $7.33 on Thursday. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.67. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -122.06 and a beta of 1.82. The company’s 50 day moving average price is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, research analysts predict that Uranium Energy Corp. will post 0.09 EPS for the current year.

Insider Transactions at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Scott Melbye acquired 9,500 shares of the business’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 completion of the acquisition, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 acquisition, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.