Empowered Funds LLC Sells 7,840 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Empowered Funds LLC lessened its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 32.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,970 shares of the basic materials company’s stock after selling 7,840 shares during the quarter. Empowered Funds LLC’s holdings in Uranium Energy were worth $99,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 worth $153,640,000 after purchasing an additional 538,703 shares during the last quarter. American International Group Inc. increased its stake in shares of Uranium Energy by 1.0% in the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 1,844 shares in the last quarter. EntryPoint Capital LLC increased its stake in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,905 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Uranium Energy by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 240,466 shares of the basic materials company’s stock valued at $1,624,000 after acquiring an additional 15,726 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new stake in Uranium Energy during the first quarter worth about $383,000. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UEC. 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 research note on Wednesday, October 23rd. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $8.11 on Wednesday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -136.14 and a beta of 1.82. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.77. The company’s 50-day moving average price is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Sell-side analysts anticipate that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amir Adnani bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. This trade represents a 1.43 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott Melbye bought 9,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Uranium Energy 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.