Intech Investment Management LLC Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Intech Investment Management LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 96,598 shares of the basic materials company's stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company's stock valued at $153,640,000 after acquiring an additional 538,703 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Uranium Energy by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 240,466 shares of the basic materials company's stock worth $1,624,000 after buying an additional 15,726 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $383,000. Brendel Financial Advisors LLC acquired a new stake in Uranium Energy in the 2nd quarter valued at $87,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Uranium Energy by 7.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company's stock valued at $231,000 after acquiring an additional 2,585 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Trading Up 2.7 %

Shares of NYSEAMERICAN:UEC traded up $0.22 during midday trading on Friday, hitting $8.31. The company had a trading volume of 4,638,197 shares, compared to its average volume of 8,896,953. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.77. The business has a fifty day moving average of $6.44. The company has a market cap of $3.42 billion, a PE ratio of -138.48 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. On average, sell-side analysts forecast that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amir Adnani acquired 60,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The trade was a 1.43 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UEC shares. Roth Mkm restated a "buy" rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reissued a "buy" rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Company Profile

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