Farther Finance Advisors LLC Increases Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Farther Finance Advisors LLC lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5,130.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,812 shares of the basic materials company’s stock after purchasing an additional 4,720 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uranium Energy were worth $30,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in Uranium Energy in the 1st quarter worth approximately $75,000. Empowered Funds LLC acquired a new position in Uranium Energy in the 1st quarter worth approximately $116,000. SG Americas Securities LLC increased its holdings in Uranium Energy by 40.5% in the 1st quarter. SG Americas Securities LLC now owns 93,638 shares of the basic materials company’s stock worth $632,000 after buying an additional 26,976 shares during the period. Swiss National Bank increased its holdings in Uranium Energy by 2.0% in the 1st quarter. Swiss National Bank now owns 737,200 shares of the basic materials company’s stock worth $4,976,000 after buying an additional 14,800 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Uranium Energy by 10.6% in the 1st quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock worth $468,000 after buying an additional 6,643 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Up 1.0 %

Shares of NYSEAMERICAN:UEC opened at $7.43 on Friday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.67. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -123.81 and a beta of 1.82. The company’s 50 day simple moving average 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 for the quarter. As a group, analysts forecast that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UEC shares. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Insider Buying and Selling at Uranium Energy

In related news, CEO Amir Adnani purchased 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, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The trade was a 1.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

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.