Uranium Energy Corp. (NYSEAMERICAN:UEC) Position Reduced by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 17.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,795 shares of the basic materials company's stock after selling 115,980 shares during the quarter. Millennium Management LLC owned 0.14% of Uranium Energy worth $3,328,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC raised its position in shares of Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock worth $29,000 after purchasing an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Uranium Energy during the 4th quarter worth approximately $64,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Uranium Energy during the 1st quarter worth approximately $68,000. Janney Montgomery Scott LLC acquired a new position in shares of Uranium Energy during the 1st quarter worth approximately $75,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in shares of Uranium Energy during the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Performance

UEC traded up $0.19 during trading on Tuesday, hitting $7.33. The company's stock had a trading volume of 9,249,764 shares, compared to its average volume of 7,324,993. The business has a 50 day simple moving average of $6.36. The stock has a market cap of $3.02 billion, a PE ratio of -122.15 and a beta of 1.84. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. As a group, research analysts expect that Uranium Energy Corp. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UEC shares. Roth Mkm lifted their price objective on Uranium Energy from $9.00 to $9.50 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. HC Wainwright reiterated a "buy" rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Insider Buying and Selling

In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Melbye purchased 9,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

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.