Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 32.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,970 shares of the basic materials company’s stock after selling 7,840 shares during the quarter. Empowered Funds LLC’s holdings in Uranium Energy were worth $99,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UEC. Lifeworks Advisors LLC bought a new stake in shares of Uranium Energy during the third quarter valued at about $85,000. Victory Capital Management Inc. lifted its stake in shares of Uranium Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company’s stock worth $22,071,000 after acquiring an additional 42,904 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Uranium Energy by 46.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 374,260 shares of the basic materials company’s stock worth $2,324,000 after acquiring an additional 118,786 shares during the period. Confluence Investment Management LLC increased its stake in shares of Uranium Energy by 4.1% during the third quarter. Confluence Investment Management LLC now owns 82,252 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 3,207 shares during the period. Finally, Quintet Private Bank Europe S.A. bought a new stake in Uranium Energy during the third quarter worth approximately $33,000. Institutional investors own 62.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Scott Melbye purchased 9,500 shares of the firm’s stock in a transaction dated 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 purchase, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. This trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Uranium Energy Stock Performance

UEC stock opened at $8.11 on Wednesday. The company has a market capitalization of $3.34 billion, a PE ratio of -136.14 and a beta of 1.82. The stock’s fifty day moving average is $6.44. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.77.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on UEC. Roth Mkm restated a “buy” rating and issued a $10.25 target price (up previously 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 target on shares of Uranium Energy in a research report on Tuesday, September 24th.

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.