Murchinson Ltd. Decreases Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Murchinson Ltd. trimmed its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 889,974 shares of the basic materials company’s stock after selling 110,026 shares during the quarter. Uranium Energy makes up 0.8% of Murchinson Ltd.’s investment portfolio, making the stock its 15th largest position. Murchinson Ltd.’s holdings in Uranium Energy were worth $5,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MMCAP International Inc. SPC raised its position in shares of Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after buying an additional 4,306,240 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock valued at $153,640,000 after buying an additional 538,703 shares during the last quarter. Driehaus Capital Management LLC raised its position in shares of Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after buying an additional 90,522 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Uranium Energy by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after buying an additional 947,773 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Uranium Energy by 33.8% in the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after buying an additional 886,445 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired 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. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Scott Melbye purchased 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $4.18 per share, for a total transaction 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 $4,129,969.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amir Adnani purchased 60,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following 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. Insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

Shares of UEC opened at $6.37 on Friday. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.34. The firm has a market capitalization of $2.60 billion, a PE ratio of -212.33 and a beta of 1.84. The company’s 50-day moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Equities analysts forecast that Uranium Energy Corp. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UEC shares. Roth Mkm increased their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus target price of $10.31.

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.