Virtu Financial LLC Sells 108,804 Shares of Uranium Energy Corp. $UEC

Virtu Financial LLC lowered its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 64.5% during the fourth quarter, Holdings Channel reports. The firm owned 59,759 shares of the basic materials company’s stock after selling 108,804 shares during the period. Virtu Financial LLC’s holdings in Uranium Energy were worth $698,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of UEC. Strategic Advocates LLC acquired a new position in Uranium Energy in the third quarter valued at $40,000. Sound Income Strategies LLC boosted its position in shares of Uranium Energy by 159.1% during the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new stake in Uranium Energy during the fourth quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Uranium Energy during the fourth quarter worth approximately $39,000. Finally, EFG International AG bought a new stake in Uranium Energy in the fourth quarter worth approximately $47,000. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Mkm set a $17.00 price target on Uranium Energy in a report on Wednesday, March 11th. HC Wainwright reiterated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. Finally, TD Securities reduced their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $11.47 on Tuesday. Uranium Energy Corp. has a one year low of $5.90 and a one year high of $20.34. The company has a market cap of $5.68 billion, a PE ratio of -95.58 and a beta of 1.12. The firm has a 50-day moving average of $13.62 and a 200-day moving average of $14.28.

Uranium Energy Profile

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.