Titan Global Capital Management USA LLC Purchases 1,775,613 Shares of Uranium Energy Corp. $UEC

Titan Global Capital Management USA LLC lifted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 123.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,217,324 shares of the basic materials company’s stock after acquiring an additional 1,775,613 shares during the period. Uranium Energy accounts for about 3.5% of Titan Global Capital Management USA LLC’s portfolio, making the stock its 14th biggest position. Titan Global Capital Management USA LLC’s holdings in Uranium Energy were worth $21,878,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MMCAP International Inc. SPC grew its holdings in Uranium Energy by 8.6% during the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock worth $94,244,000 after acquiring an additional 1,559,173 shares during the period. Victory Capital Management Inc. boosted its position in shares of Uranium Energy by 120.0% in the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock worth $28,350,000 after purchasing an additional 3,235,394 shares during the last quarter. Encompass Capital Advisors LLC grew its stake in shares of Uranium Energy by 255.1% during the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares during the period. Northern Trust Corp increased its holdings in Uranium Energy by 3.2% in the first quarter. Northern Trust Corp now owns 4,156,467 shares of the basic materials company’s stock valued at $19,868,000 after purchasing an additional 128,329 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Uranium Energy by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company’s stock valued at $16,351,000 after buying an additional 11,542 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Trading Down 0.2%

Shares of UEC opened at $12.20 on Friday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of -71.76 and a beta of 1.40. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $17.80. The firm has a fifty day simple moving average of $13.40 and a 200 day simple moving average of $9.38.

Analyst Ratings Changes

UEC has been the topic of several recent analyst reports. Zacks Research lowered shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $14.00 target price (up from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. The Goldman Sachs Group upped their price objective on shares of Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, HC Wainwright raised their price objective on Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average price target of $14.19.

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.