Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 78.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,956,971 shares of the basic materials company's stock after buying an additional 2,171,468 shares during the quarter. Van ECK Associates Corp owned about 1.20% of Uranium Energy worth $30,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MMCAP International Inc. SPC increased its holdings in shares of Uranium Energy by 17.0% during the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company's stock valued at $199,874,000 after purchasing an additional 4,306,240 shares in the last quarter. Vanguard Group Inc. grew its position in Uranium Energy by 2.4% during 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 buying an additional 538,703 shares during the period. Driehaus Capital Management LLC increased its holdings in Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company's stock valued at $54,979,000 after buying an additional 90,522 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Uranium Energy by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company's stock worth $35,786,000 after acquiring an additional 947,773 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Uranium Energy by 33.8% during the 2nd quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company's stock worth $21,103,000 after acquiring an additional 886,445 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Insider Activity at Uranium Energy

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

Uranium Energy Price Performance

Uranium Energy stock traded down $0.17 during midday trading on Tuesday, hitting $7.12. 5,906,927 shares of the stock were exchanged, compared to its average volume of 7,528,081. The firm has a market cap of $2.93 billion, a PE ratio of -118.65 and a beta of 1.82. The stock's 50-day moving average price is $6.36. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UEC. Roth Mkm reaffirmed a "buy" rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright restated a "buy" rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th.

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.