Bokf Na Acquires New Shares in Uranium Energy Corp. $UEC

Key Points

• Bokf Na acquired 300,000 shares of Uranium Energy Corp. during the third quarter, valued at approximately $2.84 million. Institutional investors collectively own 62.28% of the company.
• Uranium Energy’s stock opened at $7.71, well below its 52-week high of $20.34. The company reported a quarterly loss of $0.12 per share, missing estimates, despite revenue of $17.05 million exceeding forecasts.
• Analyst sentiment remains mixed but leans positive, with five Buy, two Hold, and one Sell rating. The consensus rating is “Moderate Buy,” with an average price target of $16.75.

Bokf Na acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 300,000 shares of the basic materials company's stock, valued at approximately $2,835,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy in the second quarter worth $35,000. EFG International AG purchased a new stake in Uranium Energy during the 2nd quarter worth about $43,000. Fiduciary Financial Advisors purchased a new stake in Uranium Energy during the 2nd quarter worth about $57,000. TD Waterhouse Canada Inc. boosted its stake in Uranium Energy by 31.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,589 shares of the basic materials company's stock worth $59,000 after purchasing an additional 1,333 shares during the period. Finally, Western Wealth Management LLC bought a new position in Uranium Energy in the 1st quarter worth about $60,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $7.71 on Friday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -27.53 and a beta of 1.38. Uranium Energy Corp. has a 52-week low of $6.75 and a 52-week high of $20.34. The stock has a fifty day moving average of $9.87 and a 200 day moving average of $12.54.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. Equities analysts forecast that Uranium Energy Corp. will post -0.20 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. National Bank Financial reduced their target price on Uranium Energy from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Jefferies Financial Group assumed coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They issued a "hold" rating and a $11.50 price target on the stock. Zacks Research lowered shares of Uranium Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, October 5th. Royal Bank Of Canada began coverage on shares of Uranium Energy in a research note on Friday, October 2nd. They set a "sector perform" rating and a $10.00 price objective for the company. Finally, HC Wainwright reaffirmed a "buy" rating and set a $26.75 target price on shares of Uranium Energy in a report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.75.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.

Uranium Energy's U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.

Want to see what other hedge funds are holding UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.