Uranium Energy Target of Unusually Large Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 28,475 put options on the stock. This represents an increase of approximately 145% compared to the typical daily volume of 11,641 put options.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $6.39 on Wednesday. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.93. The stock has a market cap of $2.70 billion, a PE ratio of -53.25 and a beta of 1.88. The company’s 50-day simple moving average is $6.64.

Wall Street Analyst Weigh In

UEC has been the topic of several recent research reports. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. Roth Mkm reaffirmed a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, HC Wainwright increased their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UEC. Creative Planning raised its holdings in Uranium Energy by 68.6% in the third quarter. Creative Planning now owns 84,580 shares of the basic materials company’s stock worth $525,000 after buying an additional 34,423 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Uranium Energy by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 1,461 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Uranium Energy by 96.4% during the third quarter. Sequoia Financial Advisors LLC now owns 25,640 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 12,582 shares during the last quarter. Saxony Capital Management LLC purchased a new position in shares of Uranium Energy during the third quarter valued at approximately $81,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Uranium Energy by 222.7% during the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 18,365 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.