Wellington Management Group LLP Acquires New Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wellington Management Group LLP purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 726,611 shares of the basic materials company's stock, valued at approximately $4,512,000. Wellington Management Group LLP owned approximately 0.18% of Uranium Energy at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy in the second quarter worth $26,000. Farther Finance Advisors LLC boosted its stake 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 worth $30,000 after purchasing an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new position in Uranium Energy in the third quarter worth $33,000. BNP Paribas acquired a new position in Uranium Energy in the third quarter worth $38,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in Uranium Energy in the second quarter worth $69,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UEC. Roth Mkm reissued a "buy" rating and issued a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright boosted their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a research report on Monday, December 9th.

Uranium Energy Trading Down 2.0 %

Shares of NYSEAMERICAN:UEC traded down $0.16 during midday trading on Tuesday, hitting $7.54. 7,308,000 shares of the company's stock were exchanged, compared to its average volume of 7,630,015. The stock has a market cap of $3.19 billion, a P/E ratio of -62.79 and a beta of 1.84. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The business's 50 day moving average price is $6.57.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Analysts expect that Uranium Energy Corp. will post 0.02 EPS for the current fiscal year.

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.