Black Swift Group LLC Makes New $1.74 Million Investment in Uranium Energy Corp. $UEC

Key Points

• Black Swift Group LLC bought a new stake of 130,050 shares in Uranium Energy Corp. (UEC) in Q3, valued at approximately $1.74 million according to the company's 13F filing.
• Several other institutions increased positions — notably First Trust Advisors (up 4,364% to 749,177 shares) — leaving hedge funds and institutional investors with about 62.28% ownership of UEC.
• Analysts rate UEC a consensus "Moderate Buy" with an average target of roughly $15.66; the stock recently traded near $12.93 and has a market cap of about $6.25 billion.

Black Swift Group LLC bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 130,050 shares of the basic materials company's stock, valued at approximately $1,735,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UEC. First Trust Advisors LP boosted its holdings in Uranium Energy by 4,364.4% in the third quarter. First Trust Advisors LP now owns 749,177 shares of the basic materials company's stock valued at $9,994,000 after acquiring an additional 732,396 shares in the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Uranium Energy by 186.7% during the third quarter. SPX Gestao de Recursos Ltda now owns 215,000 shares of the basic materials company's stock valued at $2,868,000 after buying an additional 140,000 shares during the period. Cresset Asset Management LLC raised its stake in Uranium Energy by 38.0% in the third quarter. Cresset Asset Management LLC now owns 260,097 shares of the basic materials company's stock worth $3,470,000 after buying an additional 71,653 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Uranium Energy by 6.8% in the third quarter. Handelsbanken Fonder AB now owns 136,800 shares of the basic materials company's stock worth $1,825,000 after buying an additional 8,700 shares during the period. Finally, DNB Asset Management AS lifted its holdings in Uranium Energy by 17.2% in the third quarter. DNB Asset Management AS now owns 176,447 shares of the basic materials company's stock worth $2,354,000 after buying an additional 25,893 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $18.00 target price on shares of Uranium Energy in a report on Wednesday, February 4th. Zacks Research raised Uranium Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, December 1st. Roth Mkm reiterated a "buy" rating and issued a $16.00 price objective on shares of Uranium Energy in a report on Thursday, December 11th. Finally, National Bank Financial raised their price objective on Uranium Energy from $15.50 to $16.50 and gave the company an "outperform" rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Uranium Energy presently has an average rating of "Moderate Buy" and an average target price of $15.66.

Uranium Energy Trading Down 5.6%

NYSEAMERICAN UEC opened at $12.93 on Friday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34. The stock's fifty day moving average price is $15.89 and its 200-day moving average price is $13.84. The stock has a market cap of $6.25 billion, a P/E ratio of -107.75 and a beta of 1.21.

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.

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