Rhumbline Advisers Decreases Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Rhumbline Advisers cut its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 8.9% in the second quarter, Holdings Channel reports. The institutional investor owned 578,061 shares of the basic materials company’s stock after selling 56,192 shares during the period. Rhumbline Advisers’ holdings in Uranium Energy were worth $3,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Uranium Energy by 25.0% during the 4th quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock worth $325,000 after buying an additional 10,163 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Uranium Energy by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock valued at $19,245,000 after purchasing an additional 118,785 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Uranium Energy by 659.3% during the fourth quarter. BNP Paribas Financial Markets now owns 590,291 shares of the basic materials company’s stock valued at $3,778,000 after purchasing an additional 512,552 shares in the last quarter. Norges Bank purchased a new stake in shares of Uranium Energy during the 4th quarter worth $96,000,000. Finally, UBS Group AG boosted its position in Uranium Energy by 35.7% during the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after purchasing an additional 262,262 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani purchased 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 purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, 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. Corporate insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

UEC opened at $4.99 on Wednesday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -168.00 and a beta of 1.84. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.34. The stock’s fifty day moving average price is $6.52.

Wall Street Analysts Forecast Growth

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

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.