American Century Companies Inc. Lowers Holdings in Uranium Energy Corp. $UEC

American Century Companies Inc. cut its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 99.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,717 shares of the basic materials company's stock after selling 1,131,610 shares during the period. American Century Companies Inc.'s holdings in Uranium Energy were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. General American Investors Co. Inc. purchased a new position in Uranium Energy in the 1st quarter worth about $5,296,000. Wealth Enhancement Advisory Services LLC increased its stake in Uranium Energy by 101.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,196 shares of the basic materials company's stock worth $111,000 after buying an additional 11,688 shares during the period. Victory Capital Management Inc. increased its stake in Uranium Energy by 120.0% in the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock worth $28,350,000 after buying an additional 3,235,394 shares during the period. Ameriprise Financial Inc. increased its stake in Uranium Energy by 239.4% in the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after buying an additional 4,748,138 shares during the period. Finally, Nuveen LLC purchased a new position in Uranium Energy in the 1st quarter worth about $5,099,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Price Performance

Shares of UEC stock traded up $0.27 during trading hours on Tuesday, reaching $12.09. 13,814,685 shares of the stock were exchanged, compared to its average volume of 11,955,890. The business's fifty day moving average is $9.14 and its two-hundred day moving average is $6.79. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $12.31. The firm has a market capitalization of $5.37 billion, a P/E ratio of -71.11 and a beta of 1.42.

Analysts Set New Price Targets

Several research analysts recently commented on UEC shares. Roth Capital raised their price target on shares of Uranium Energy from $10.50 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. HC Wainwright raised their target price on shares of Uranium Energy from $12.25 to $12.75 and gave the company a "buy" rating in a research report on Wednesday, August 6th. BMO Capital Markets assumed coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. The Goldman Sachs Group upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, TD Securities lifted their target price on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, Uranium Energy currently has a consensus rating of "Buy" and a consensus price target of $10.97.

Insider Activity

In related news, Director David Kong sold 50,800 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the sale, the director directly owned 182,237 shares of the company's stock, valued at $1,753,119.94. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company's stock.

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.