Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,946 shares of the basic materials company’s stock after purchasing an additional 26,102 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Uranium Energy worth $4,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UEC. Strategic Investment Solutions Inc. IL purchased a new position in shares of Uranium Energy in the second quarter worth approximately $26,000. Farther Finance Advisors LLC increased its position in shares of Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new position in shares of Uranium Energy in the third quarter worth approximately $33,000. BNP Paribas purchased a new position in shares of Uranium Energy in the third quarter worth approximately $38,000. Finally, Blackhawk Capital Partners LLC. purchased a new position in shares of Uranium Energy in the second quarter worth approximately $69,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of UEC stock opened at $8.19 on Friday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.93. The business’s fifty day moving average is $6.54. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -68.25 and a beta of 1.84.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on UEC. HC Wainwright raised their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday. Roth Mkm restated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

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.