Phoenix Financial Ltd. Makes New $99,000 Investment in Uranium Energy Corp. $UEC

Phoenix Financial Ltd. bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,565 shares of the basic materials company’s stock, valued at approximately $99,000.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock valued at $28,350,000 after buying an additional 3,235,394 shares during the period. Encompass Capital Advisors LLC raised its position in Uranium Energy by 255.1% in the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock valued at $20,188,000 after purchasing an additional 3,033,974 shares during the period. MMCAP International Inc. SPC raised its position in Uranium Energy by 8.6% in the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock valued at $94,244,000 after purchasing an additional 1,559,173 shares during the period. Titan Global Capital Management USA LLC purchased a new stake in Uranium Energy in the first quarter valued at $6,891,000. Finally, General American Investors Co. Inc. purchased a new stake in Uranium Energy in the first quarter valued at $5,296,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uranium Energy

In related news, Director David Kong sold 50,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the sale, the director directly owned 182,237 shares in the company, valued at approximately $1,753,119.94. This represents a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $13.32 on Friday. The stock’s 50-day moving average is $12.60 and its two-hundred day moving average is $8.64. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $17.80. The company has a market cap of $6.44 billion, a price-to-earnings ratio of -78.35 and a beta of 1.40.

Analysts Set New Price Targets

Several brokerages recently issued reports on UEC. Canaccord Genuity Group set a $17.50 price objective on shares of Uranium Energy and gave the company a “buy” rating in a report on Wednesday, September 24th. TD Securities boosted their target price on Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 15th. The Goldman Sachs Group boosted their price objective on Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a report on Friday, September 26th. Roth Capital boosted their price target on shares of Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Uranium Energy has an average rating of “Moderate Buy” and an average target price of $14.19.

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.