The Manufacturers Life Insurance Company Buys 1,597,108 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

The Manufacturers Life Insurance Company raised its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 712.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,821,256 shares of the basic materials company's stock after buying an additional 1,597,108 shares during the period. The Manufacturers Life Insurance Company owned about 0.44% of Uranium Energy worth $11,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UEC. Driehaus Capital Management LLC lifted its stake in Uranium Energy by 1.0% in the 2nd 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 grew its position in 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. Van ECK Associates Corp lifted its position in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company's stock valued at $30,783,000 after buying an additional 2,171,468 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Uranium Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company's stock valued at $22,071,000 after purchasing an additional 42,904 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Uranium Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company's stock valued at $20,620,000 after buying an additional 90,098 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amir Adnani acquired 60,000 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Uranium Energy Trading Up 0.5 %

Shares of NYSEAMERICAN:UEC traded up $0.04 during midday trading on Tuesday, hitting $8.14. 2,199,719 shares of the company's stock traded hands, compared to its average volume of 7,636,648. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.77. The firm has a market capitalization of $3.35 billion, a P/E ratio of -134.98 and a beta of 1.84. The firm has a fifty day moving average price of $6.44.

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 for the quarter. On average, equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.