TimesSquare Capital Management LLC Acquires 447,575 Shares of Uranium Energy Corp. $UEC

TimesSquare Capital Management LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 36.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,664,320 shares of the basic materials company’s stock after buying an additional 447,575 shares during the period. TimesSquare Capital Management LLC’s holdings in Uranium Energy were worth $19,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Independent Wealth Network Inc. raised its stake in Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after buying an additional 597 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after buying an additional 655 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after buying an additional 778 shares in the last quarter. Heritage Family Offices LLP raised its stake in Uranium Energy by 5.2% in the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after buying an additional 785 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Uranium Energy by 3.1% in the fourth quarter. Farther Finance Advisors LLC now owns 27,170 shares of the basic materials company’s stock worth $317,000 after buying an additional 824 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of a number of recent research reports. TD Securities reduced their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research note on Wednesday, March 11th. HC Wainwright boosted their price objective on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Uranium Energy currently has a consensus rating of “Moderate Buy” and an average target price of $17.66.

Uranium Energy Trading Down 9.8%

Shares of UEC stock opened at $11.91 on Wednesday. The business’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $14.26. The company has a market cap of $5.84 billion, a PE ratio of -99.25 and a beta of 1.17. Uranium Energy Corp. has a 12-month low of $5.03 and a 12-month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, equities analysts forecast that Uranium Energy Corp. will post -0.12 earnings per share for the current year.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.