Fmr LLC Sells 7,279,599 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

FMR LLC decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 77.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,164,607 shares of the basic materials company's stock after selling 7,279,599 shares during the quarter. FMR LLC owned 0.53% of Uranium Energy worth $13,442,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Uranium Energy during the second quarter valued at about $26,000. Farther Finance Advisors LLC boosted its stake in Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after buying an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new position in Uranium Energy during the third quarter valued at about $33,000. Blackhawk Capital Partners LLC. bought a new position in Uranium Energy during the second quarter valued at about $69,000. Finally, Clear Creek Financial Management LLC bought a new position in Uranium Energy during the third quarter valued at about $78,000. Institutional investors own 62.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UEC shares. Roth Mkm reaffirmed a "buy" rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright upped their target price on Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday.

Uranium Energy Stock Up 4.1 %

UEC stock traded up $0.34 during midday trading on Wednesday, hitting $8.45. The stock had a trading volume of 8,047,014 shares, compared to its average volume of 7,645,785. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -67.63 and a beta of 1.84. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The stock's 50-day simple moving average is $6.54.

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

About Uranium Energy

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.