Freedom Investment Management Inc. Has $659,000 Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Freedom Investment Management Inc. grew its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 18.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 106,194 shares of the basic materials company’s stock after acquiring an additional 16,409 shares during the period. Freedom Investment Management Inc.’s holdings in Uranium Energy were worth $659,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 90,098 shares during the last quarter. Intech Investment Management LLC bought a new position in Uranium Energy during the third quarter valued at about $600,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Uranium Energy in the third quarter worth about $12,643,000. Finally, Lifeworks Advisors LLC bought a new stake in shares of Uranium Energy during the 3rd quarter worth about $85,000. Institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UEC. Roth Mkm reissued a “buy” rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Insider Activity

In other news, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the transaction, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The trade was a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. This trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Uranium Energy Price Performance

UEC stock opened at $8.09 on Friday. The company’s 50-day moving average price is $6.44. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.77.

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

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.