Uranium Energy Corp. $UEC Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 47.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,146 shares of the basic materials company’s stock after selling 50,780 shares during the quarter. Legato Capital Management LLC’s holdings in Uranium Energy were worth $749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC increased its stake in shares of Uranium Energy by 3.1% in the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock worth $336,000 after acquiring an additional 750 shares during the period. GPS Wealth Strategies Group LLC grew its position in Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,100 shares during the period. Ascent Wealth Partners LLC raised its stake in shares of Uranium Energy by 8.3% during the 3rd quarter. Ascent Wealth Partners LLC now owns 17,336 shares of the basic materials company’s stock valued at $231,000 after buying an additional 1,334 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Uranium Energy by 4.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company’s stock valued at $296,000 after buying an additional 1,742 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Uranium Energy by 13.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company’s stock valued at $106,000 after buying an additional 1,878 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $14.56 on Wednesday. The business’s 50 day moving average price is $15.80 and its 200-day moving average price is $13.79. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of -121.33 and a beta of 1.21.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. National Bank Financial raised their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, Roth Mkm restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.66.

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.