Bridgewater Associates LP lowered its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 12.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,534,536 shares of the basic materials company's stock after selling 501,790 shares during the period. Bridgewater Associates LP owned 0.86% of Uranium Energy worth $21,949,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its position in shares of Uranium Energy by 3.9% in the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company's stock valued at $239,000 after purchasing an additional 1,461 shares in the last quarter. American International Group Inc. grew its position in shares of Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company's stock valued at $1,282,000 after purchasing an additional 1,844 shares in the last quarter. Choreo LLC grew its position in shares of Uranium Energy by 11.0% in the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 2,420 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 purchasing an additional 2,585 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in shares of Uranium Energy by 4.1% in the third quarter. Confluence Investment Management LLC now owns 82,252 shares of the basic materials company's stock valued at $511,000 after purchasing an additional 3,207 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.
Uranium Energy Stock Down 0.2 %
Shares of UEC stock traded down $0.02 during mid-day trading on Thursday, hitting $8.09. 4,691,739 shares of the stock were exchanged, compared to its average volume of 7,679,767. The firm's fifty day moving average price is $6.44. The company has a market capitalization of $3.33 billion, a PE ratio of -134.81 and a beta of 1.82. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.77.
Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares of the company's stock, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amir Adnani bought 60,000 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,242,326 shares of the company's stock, valued at $17,393,536.60. This trade represents a 1.43 % 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 Analyst Weigh In
A number of research analysts recently commented on UEC shares. HC Wainwright reiterated a "buy" rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm reiterated a "buy" rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.
Check Out Our Latest Stock Analysis on UEC
Uranium Energy Company Profile
(
Free Report)
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.
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