Pacer Advisors Inc. Takes Position in Uranium Energy Corp. $UEC

Pacer Advisors Inc. purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 187,464 shares of the basic materials company’s stock, valued at approximately $2,190,000.

A number of other institutional investors also recently modified their holdings of UEC. AQR Capital Management LLC increased its position in Uranium Energy by 56.6% during the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock worth $1,064,000 after acquiring an additional 80,464 shares during the period. Caxton Associates LLP bought a new position in Uranium Energy during the first quarter worth $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Uranium Energy by 44.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after acquiring an additional 423,994 shares during the period. Focus Partners Wealth increased its position in Uranium Energy by 114.0% during the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 19,407 shares during the period. Finally, Cetera Investment Advisers increased its position in Uranium Energy by 24.2% during the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock worth $549,000 after acquiring an additional 15,744 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC opened at $14.81 on Friday. Uranium Energy Corp. has a fifty-two week low of $5.03 and a fifty-two week high of $20.34. The firm’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $14.30. The company has a market capitalization of $7.26 billion, a P/E ratio of -123.42 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, equities research analysts expect that Uranium Energy Corp. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research report on Wednesday, March 11th. HC Wainwright boosted their target price on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research report on Wednesday, February 4th. Finally, TD Securities dropped their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.