Choreo LLC Has $141,000 Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Choreo LLC increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,505 shares of the basic materials company’s stock after buying an additional 2,420 shares during the quarter. Choreo LLC’s holdings in Uranium Energy were worth $141,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in Uranium Energy during the 4th quarter worth about $96,000,000. Charles Schwab Investment Management Inc. increased its holdings in Uranium Energy by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock worth $19,245,000 after purchasing an additional 118,785 shares in the last quarter. UBS Group AG increased its holdings in Uranium Energy by 35.7% during the 4th quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock worth $6,377,000 after purchasing an additional 262,262 shares in the last quarter. ProShare Advisors LLC increased its holdings in Uranium Energy by 10.6% during the 1st quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock worth $468,000 after purchasing an additional 6,643 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Uranium Energy by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock worth $142,226,000 after purchasing an additional 967,448 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. Roth Mkm restated a “buy” rating and issued a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.19.

Insider Activity

In other Uranium Energy news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost 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. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Uranium Energy Price Performance

Shares of UEC stock opened at $5.52 on Friday. The stock’s 50 day moving average is $6.50. The firm has a market capitalization of $2.26 billion, a P/E ratio of -184.67 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.

About Uranium Energy

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.