SG Americas Securities LLC Decreases Stock Position in Uranium Energy Corp. $UEC

SG Americas Securities LLC decreased its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,210,877 shares of the basic materials company’s stock after selling 69,134 shares during the quarter. SG Americas Securities LLC’s holdings in Uranium Energy were worth $16,347,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Uranium Energy by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock worth $774,995,000 after purchasing an additional 7,013,279 shares in the last quarter. Vanguard Group Inc. increased its stake in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after buying an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after buying an additional 2,393,683 shares during the period. State Street Corp lifted its holdings in Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Uranium Energy by 25.3% in the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock worth $229,695,000 after buying an additional 3,969,046 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of UEC stock opened at $10.59 on Friday. The firm has a fifty day moving average of $13.45 and a two-hundred day moving average of $14.23. The firm has a market cap of $5.24 billion, a P/E ratio of -88.25 and a beta of 1.12. Uranium Energy Corp. has a 1-year low of $5.90 and a 1-year high of $20.34.

Wall Street Analysts Forecast Growth

UEC has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. Roth Mkm set a $17.00 price objective on Uranium Energy in a report on Wednesday, March 11th. Finally, TD Securities cut their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

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.