Uranium Energy Target of Unusually Large Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of unusually large options trading activity on Monday. Investors acquired 9,303 call options on the stock. This is an increase of approximately 72% compared to the typical volume of 5,394 call options.

Uranium Energy Trading Up 5.4 %

Shares of UEC stock traded up $0.30 during trading hours on Monday, hitting $5.84. 4,873,412 shares of the company’s stock were exchanged, compared to its average volume of 7,155,516. The business’s 50 day moving average price is $6.50. Uranium Energy has a fifty-two week low of $4.06 and a fifty-two week high of $8.34. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -195.33 and a beta of 1.84.

Insider Transactions at Uranium Energy

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

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its position in shares of Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 1,844 shares in the last quarter. Choreo LLC raised its stake in Uranium Energy by 11.0% in the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 2,420 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Uranium Energy by 7.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 2,585 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Uranium Energy by 39.7% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after buying an additional 2,923 shares in the last quarter. Finally, EntryPoint Capital LLC raised its position in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,905 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. HC Wainwright reiterated 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 reiterated a “buy” rating and issued a $9.00 target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of “Moderate Buy” and an average price target of $10.19.

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.