550,000 Shares in Uranium Energy Corp. $UEC Bought by Segra Capital Management LLC

Segra Capital Management LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the third quarter, Holdings Channel.com reports. The fund bought 550,000 shares of the basic materials company’s stock, valued at approximately $5,198,000. Uranium Energy accounts for approximately 0.5% of Segra Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PenderFund Capital Management Ltd. acquired a new position in Uranium Energy in the 2nd quarter valued at about $35,000. EFG International AG purchased a new position in Uranium Energy in the second quarter worth $43,000. Fiduciary Financial Advisors purchased a new position in shares of Uranium Energy in the 2nd quarter valued at about $57,000. TD Waterhouse Canada Inc. lifted its position in shares of Uranium Energy by 31.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,589 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 1,333 shares during the period. Finally, Western Wealth Management LLC acquired a new position in Uranium Energy during the first quarter worth $60,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $8.34 on Thursday. The business’s 50-day moving average is $10.01 and its two-hundred day moving average is $12.61. The firm has a market capitalization of $4.13 billion, a PE ratio of -29.78 and a beta of 1.38. Uranium Energy Corp. has a 12 month low of $6.75 and a 12 month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to analysts’ expectations of $9.00 million. Equities analysts anticipate that Uranium Energy Corp. will post -0.20 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. National Bank Financial cut their target price on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Jefferies Financial Group began coverage on Uranium Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective on the stock. Zacks Research lowered Uranium Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Royal Bank Of Canada started coverage on shares of Uranium Energy in a research note on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 target price for the company. Finally, HC Wainwright restated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.

Uranium Energy’s U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.