Seven Grand Managers LLC Makes New $876,000 Investment in Uranium Energy Corp. $UEC

Seven Grand Managers LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,000 shares of the basic materials company’s stock, valued at approximately $876,000.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Uranium Energy by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 11,449,334 shares of the basic materials company’s stock worth $133,751,000 after acquiring an additional 1,355,701 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in Uranium Energy in the fourth quarter worth about $486,000. Themes Management Co LLC bought a new position in Uranium Energy in the fourth quarter worth about $585,000. Legal & General Group Plc lifted its holdings in Uranium Energy by 1.7% in the fourth quarter. Legal & General Group Plc now owns 532,475 shares of the basic materials company’s stock worth $6,219,000 after acquiring an additional 9,051 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in Uranium Energy by 60.9% in the fourth quarter. Prospera Financial Services Inc now owns 22,024 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 8,333 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 0.5%

UEC opened at $13.44 on Thursday. The business’s 50 day moving average is $13.96 and its 200-day moving average is $14.23. The stock has a market cap of $6.59 billion, a PE ratio of -112.00 and a beta of 1.17. Uranium Energy Corp. has a twelve month low of $5.63 and a twelve month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. As a group, analysts forecast that Uranium Energy Corp. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UEC shares. Roth Mkm set a $17.00 price target on Uranium Energy in a report on Wednesday, March 11th. HC Wainwright reaffirmed a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday, May 20th. TD Securities cut their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.66.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.