Arizona State Retirement System Buys 10,541 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Arizona State Retirement System increased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 10.3% during the second quarter, Holdings Channel.com reports. The fund owned 113,141 shares of the basic materials company’s stock after buying an additional 10,541 shares during the period. Arizona State Retirement System’s holdings in Uranium Energy were worth $680,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. grew its holdings in Uranium Energy by 1.0% during 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 during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Uranium Energy by 7.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock worth $231,000 after buying an additional 2,585 shares during the period. Parallel Advisors LLC increased its stake in shares of Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 2,923 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,905 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in Uranium Energy by 15.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 33,186 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 4,385 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $5.08 on Monday. The company has a fifty day moving average of $6.55. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.34. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -169.33 and a beta of 1.84.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UEC. Roth Mkm reiterated a “buy” rating and set a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.19.

Insider Activity

In other news, EVP Scott Melbye purchased 9,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Uranium Energy news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly 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 can be accessed through this link. Also, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $4,129,969.58. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

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.