Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,436 shares of the basic materials company’s stock after buying an additional 2,585 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Uranium Energy were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Uranium Energy in the fourth quarter valued at about $96,000,000. MMCAP International Inc. SPC grew its position in Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after acquiring an additional 4,306,240 shares during the period. Fourth Sail Capital LP acquired a new position in shares of Uranium Energy in the first quarter valued at about $12,695,000. Rokos Capital Management LLP purchased a new position in shares of Uranium Energy in the first quarter valued at approximately $10,396,000. Finally, Murchinson Ltd. purchased a new position in shares of Uranium Energy in the first quarter valued at approximately $6,750,000. 62.28% of the shares are held by hedge funds and other institutional investors.

Analysts set new price targets

Several brokerages recently weighed in on UEC. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research report on Wednesday, August 14th. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Uranium Energy in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.35, according to MarketBeat.com.

Read the latest stock report on UEC

Uranium Energy Stock Performance

Uranium Energy stock opened at $5.31 on Tuesday. The company has a 50-day simple moving average of $6.60. Uranium Energy Corp. has a 1 year low of $4.12 and a 1 year high of $8.34. The stock has a market cap of $2.17 billion, a P/E ratio of -176.83 and a beta of 1.86.

Uranium Energy (NYSEAMERICAN:UEC – Get Free Report ) last released its earnings results on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. Research analysts expect that Uranium Energy Corp. to record 0.01 EPS for the current fiscal year.

Uranium Energy Company Profile

(Free Report)

Uranium Energy Corp., together with its subsidiaries, engages in the exploration, pre-mining, mining and processing of uranium and titanium concentrates in the United States, Canada and Paraguay. It owns interests in the Palangana mine, the Goliad, Burke Hollow, Longhorn and Salvo projects located in Texas; Anderson, Workman Creek and Los Cuatros projects located in Arizona; Dalton Pass and the C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU and other projects located in Canada; and the Yuty, Oviedo and Alto Paraná titanium projects in Paraguay.

Further reading

Want to see what other hedge funds hold UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report).

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