Bridgewater Associates LP Cuts Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bridgewater Associates LP trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,534,536 shares of the basic materials company’s stock after selling 501,790 shares during the period. Bridgewater Associates LP owned about 0.86% of Uranium Energy worth $21,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UEC. Freedom Investment Management Inc. grew its holdings in Uranium Energy by 18.3% during the 3rd quarter. Freedom Investment Management Inc. now owns 106,194 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 16,409 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Uranium Energy by 712.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after acquiring an additional 1,597,108 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Uranium Energy by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock worth $20,620,000 after acquiring an additional 90,098 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Uranium Energy in the third quarter worth about $600,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Uranium Energy in the third quarter valued at about $12,643,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The trade was a 1.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Melbye bought 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the acquisition, the executive vice president now directly owns 988,031 shares in the company, 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. Corporate insiders own 2.40% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $8.07 on Thursday. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.77. The firm has a market capitalization of $3.32 billion, a P/E ratio of -134.48 and a beta of 1.82. The business’s 50 day simple moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. As a group, equities research analysts forecast that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

UEC has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm restated a “buy” rating and issued a $10.25 target price (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.