Uranium Energy Sees Unusually High Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading activity on Friday. Investors purchased 19,376 call options on the stock. This is an increase of approximately 139% compared to the typical volume of 8,099 call options.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UEC. Van ECK Associates Corp increased its holdings in Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after purchasing an additional 2,171,468 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Uranium Energy in the 3rd quarter valued at approximately $12,643,000. Segra Capital Management LLC boosted its position in Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after buying an additional 1,806,529 shares during the period. The Manufacturers Life Insurance Company increased its position in Uranium Energy by 712.5% in 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 acquiring an additional 1,597,108 shares during the period. Finally, Rokos Capital Management LLP bought a new position in shares of Uranium Energy during the first quarter valued at $10,396,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 1.0 %

Shares of UEC stock opened at $7.43 on Friday. The company has a market capitalization of $3.06 billion, a PE ratio of -123.81 and a beta of 1.82. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.67. The company has a 50 day moving average of $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. On average, equities research analysts predict that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and set 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 reiterated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th.

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.