State of New Jersey Common Pension Fund D Grows Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

State of New Jersey Common Pension Fund D raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 46.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,260 shares of the basic materials company's stock after buying an additional 118,786 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Uranium Energy worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in shares of Uranium Energy in the 1st quarter valued at about $75,000. Empowered Funds LLC bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $116,000. SG Americas Securities LLC raised its stake in shares of Uranium Energy by 40.5% during the 1st quarter. SG Americas Securities LLC now owns 93,638 shares of the basic materials company's stock worth $632,000 after acquiring an additional 26,976 shares in the last quarter. Swiss National Bank raised its stake in shares of Uranium Energy by 2.0% during the 1st quarter. Swiss National Bank now owns 737,200 shares of the basic materials company's stock worth $4,976,000 after acquiring an additional 14,800 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $92,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. This represents a 1.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost 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 $4,129,969.58. This trade represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC traded up $0.10 during trading hours on Thursday, reaching $7.37. 4,208,207 shares of the company were exchanged, compared to its average volume of 7,533,590. The stock has a 50-day moving average of $6.44. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -122.06 and a beta of 1.82. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.67.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UEC shares. HC Wainwright restated a "buy" rating and set a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm restated a "buy" rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

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.