HighTower Advisors LLC Sells 9,545 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

HighTower Advisors LLC lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,506 shares of the basic materials company’s stock after selling 9,545 shares during the period. HighTower Advisors LLC’s holdings in Uranium Energy were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Uranium Energy in the 3rd quarter worth approximately $12,643,000. Van ECK Associates Corp boosted its stake in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. Intech Investment Management LLC purchased a new position in Uranium Energy in the third quarter worth $600,000. The Manufacturers Life Insurance Company increased its position in shares of Uranium Energy by 712.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 1,597,108 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of Uranium Energy during the 3rd quarter valued at $501,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $7.23 on Friday. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The company has a 50-day moving average of $6.59. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -60.25 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Uranium Energy Corp. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright boosted their price target on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th.

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.