Stock Traders Buy High Volume of Call Options on Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 14,728 call options on the company. This is an increase of 57% compared to the typical volume of 9,368 call options.

Uranium Energy Stock Down 5.7 %

Shares of Uranium Energy stock traded down $0.29 during midday trading on Monday, hitting $4.76. The company had a trading volume of 6,985,186 shares, compared to its average volume of 7,717,977. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $8.93. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -39.67 and a beta of 1.88. The company has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $6.56.

Analyst Upgrades and Downgrades

UEC has been the subject of a number of analyst reports. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research report on Wednesday, March 12th. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price for the company. HC Wainwright reaffirmed a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Uranium Energy presently has an average rating of "Buy" and a consensus price target of $10.60.

Hedge Funds Weigh In On Uranium Energy

Several institutional investors have recently made changes to their positions in UEC. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after buying an additional 1,370 shares during the last quarter. US Bancorp DE increased its position in Uranium Energy by 7.7% during the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock worth $149,000 after purchasing an additional 1,600 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock worth $799,000 after buying an additional 1,692 shares during the last quarter. Sei Investments Co. raised its position in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after buying an additional 1,710 shares during the period. Finally, National Bank of Canada FI raised its position in Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,713 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Company 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.