14,959 Shares in Uranium Energy Corp. $UEC Bought by Gainplan LLC

Gainplan LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,959 shares of the basic materials company’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also modified their holdings of UEC. Farther Finance Advisors LLC increased its holdings in Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Uranium Energy in the 1st quarter worth about $36,000. Oarsman Capital Inc. increased its holdings in Uranium Energy by 900.0% in the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 9,000 shares in the last quarter. Teza Capital Management LLC acquired a new position in Uranium Energy in the 1st quarter worth about $49,000. Finally, Russell Investments Group Ltd. increased its holdings in Uranium Energy by 3,198.9% in the 1st quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 11,196 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on UEC. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. HC Wainwright upped their target price on Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital upped their target price on Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. BMO Capital Markets reissued a “market perform” rating and issued a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Finally, The Goldman Sachs Group raised their price objective on Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Buy” and an average target price of $13.80.

Uranium Energy Price Performance

Shares of UEC opened at $13.54 on Wednesday. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $15.06. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of -79.64 and a beta of 1.40. The business has a 50-day moving average of $11.37 and a 200-day moving average of $7.84.

Insiders Place Their Bets

In other Uranium Energy news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the sale, the director directly owned 182,237 shares in the company, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% 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.