250,000 Shares in Uranium Energy Corp. $UEC Acquired by Alpine Global Management LLC

Key Points

• Alpine Global Management LLC has acquired a new position in Uranium Energy Corp., purchasing 250,000 shares valued at approximately $1,195,000 during the first quarter.
• Insider activity includes Director David Kong selling 50,800 shares at an average price of $9.62, reducing his position by 21.80%.
• Uranium Energy Corp. has seen varying analyst ratings, with targets raised by HC Wainwright and TD Securities, reflecting positive market sentiment and a consensus "Buy" rating.

Alpine Global Management LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the basic materials company's stock, valued at approximately $1,195,000. Alpine Global Management LLC owned 0.06% of Uranium Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UEC. Raymond James Financial Inc. purchased a new position in Uranium Energy during the 4th quarter worth $1,007,000. Mariner LLC increased its holdings in shares of Uranium Energy by 15.4% in the 4th quarter. Mariner LLC now owns 37,743 shares of the basic materials company's stock valued at $253,000 after acquiring an additional 5,049 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Uranium Energy by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,091,390 shares of the basic materials company's stock valued at $40,756,000 after acquiring an additional 610,392 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Uranium Energy by 9.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company's stock valued at $270,000 after acquiring an additional 3,516 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Uranium Energy by 6.4% in the 4th quarter. Northern Trust Corp now owns 4,028,138 shares of the basic materials company's stock valued at $26,948,000 after acquiring an additional 240,767 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 2.0%

Shares of UEC stock traded down $0.23 on Thursday, hitting $11.28. The company had a trading volume of 12,377,501 shares, compared to its average volume of 11,102,683. The firm has a market cap of $5.01 billion, a P/E ratio of -66.35 and a beta of 1.42. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $11.80. The company has a 50-day moving average price of $8.75 and a 200-day moving average price of $6.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, August 12th. HC Wainwright boosted their target price on Uranium Energy from $12.25 to $12.75 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. TD Securities boosted their target price on Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. BMO Capital Markets started coverage on Uranium Energy in a research note on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target on the stock. Finally, Roth Capital boosted their price target on Uranium Energy from $10.50 to $11.50 and gave the company a "buy" rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $10.97.

Insiders Place Their Bets

In related news, Director David Kong sold 50,800 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the transaction, the director owned 182,237 shares of the company's stock, valued at approximately $1,753,119.94. This represents a 21.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

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.