MQS Management LLC Invests $124,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

MQS Management LLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,679 shares of the basic materials company’s stock, valued at approximately $124,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Uranium Energy in the fourth quarter valued at approximately $96,000,000. MMCAP International Inc. SPC raised its stake in 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 during the period. Fourth Sail Capital LP acquired a new stake in Uranium Energy during the 1st quarter valued at $12,695,000. Rokos Capital Management LLP bought a new position in Uranium Energy during the first quarter worth $10,396,000. Finally, American Century Companies Inc. increased its holdings in shares of Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uranium Energy

In other news, CEO Amir Adnani purchased 60,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the purchase, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amir Adnani bought 60,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $5.54 on Friday. The company has a market capitalization of $2.26 billion, a PE 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. The company has a 50-day simple moving average of $6.50.

Wall Street Analysts Forecast Growth

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

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.