Holocene Advisors LP Takes $2.38 Million Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Holocene Advisors LP acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 382,601 shares of the basic materials company's stock, valued at approximately $2,376,000. Holocene Advisors LP owned approximately 0.09% of Uranium Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UEC. Strategic Investment Solutions Inc. IL acquired a new stake in Uranium Energy during the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC increased its position in shares of 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 worth $30,000 after acquiring an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. acquired a new stake in shares of Uranium Energy in the third quarter valued at $33,000. BNP Paribas purchased a new position in Uranium Energy in the third quarter valued at $38,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in Uranium Energy during the 2nd quarter worth about $69,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of several analyst reports. HC Wainwright reiterated a "buy" rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm reaffirmed a "buy" rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Trading Down 0.5 %

NYSEAMERICAN UEC traded down $0.04 during trading on Friday, reaching $8.53. The company's stock had a trading volume of 6,837,752 shares, compared to its average volume of 8,291,673. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -71.08 and a beta of 1.84. The business's fifty day moving average is $6.54.

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

Uranium Energy 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.