Murchinson Ltd. Sells 664,974 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Murchinson Ltd. trimmed its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 74.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,000 shares of the basic materials company's stock after selling 664,974 shares during the period. Uranium Energy comprises about 0.4% of Murchinson Ltd.'s investment portfolio, making the stock its 24th largest position. Murchinson Ltd. owned 0.05% of Uranium Energy worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of UEC. Strategic Investment Solutions Inc. IL bought a new stake in shares of Uranium Energy during the second quarter worth $26,000. Farther Finance Advisors LLC boosted its holdings in Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new position in Uranium Energy in the third quarter valued at about $33,000. BNP Paribas bought a new position in Uranium Energy in the third quarter valued at about $38,000. Finally, Blackhawk Capital Partners LLC. bought a new position in Uranium Energy in the second quarter valued at about $69,000. 62.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uranium Energy

In related news, CEO Amir Adnani purchased 60,000 shares of the firm's stock in a transaction dated 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 owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 1.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott Melbye bought 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 purchase, the executive vice president now directly 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. Insiders own 2.40% of the company's stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC remained flat at $8.19 during mid-day trading on Wednesday. The company had a trading volume of 3,928,506 shares, compared to its average volume of 7,633,301. The firm has a market capitalization of $3.37 billion, a PE ratio of -136.48 and a beta of 1.84. The business's fifty day moving average is $6.47. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.77.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on UEC. Roth Mkm reaffirmed a "buy" rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reaffirmed a "buy" rating and set a $10.25 price target on shares of Uranium Energy in a research 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.