Deutsche Bank AG Has $1.54 Million Stock Position in Uranium Energy Corp. $UEC

Key Points

• Deutsche Bank AG reduced its stake in Uranium Energy Corp. by 9.1%, now holding 322,396 shares, representing about 0.08% of the company's total shares.
• Several hedge funds have also adjusted their investments in Uranium Energy, with 62.28% of shares owned by institutional investors, indicating growing institutional interest.
• Analysts have boosted their price targets for Uranium Energy, with HC Wainwright raising theirs from $12.25 to $12.75, and a consensus price target currently set at $10.91.

Deutsche Bank AG decreased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,396 shares of the basic materials company's stock after selling 32,398 shares during the period. Deutsche Bank AG owned 0.08% of Uranium Energy worth $1,541,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UEC. Arizona State Retirement System boosted its holdings in shares of Uranium Energy by 1.6% in the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company's stock valued at $580,000 after acquiring an additional 1,962 shares in the last quarter. Farther Finance Advisors LLC increased its position in Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after purchasing an additional 2,364 shares during the period. Xponance Inc. raised its stake in shares of Uranium Energy by 7.7% during the 1st quarter. Xponance Inc. now owns 33,240 shares of the basic materials company's stock worth $159,000 after buying an additional 2,385 shares in the last quarter. Integrated Wealth Concepts LLC lifted 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 buying an additional 3,516 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Uranium Energy by 2.7% during the first quarter. Riggs Asset Managment Co. Inc. now owns 177,100 shares of the basic materials company's stock worth $847,000 after acquiring an additional 4,714 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Performance

Shares of UEC stock traded down $0.28 on Wednesday, reaching $10.43. 6,164,144 shares of the company's stock traded hands, compared to its average volume of 11,061,205. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $11.03. The company has a market capitalization of $4.63 billion, a P/E ratio of -61.67 and a beta of 1.44. The business's 50 day moving average price is $8.26 and its two-hundred day moving average price is $6.55.

Analyst Ratings Changes

A number of brokerages have issued reports on UEC. The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, August 12th. BMO Capital Markets started coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 target price for the company. TD Securities lifted their price objective on Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, HC Wainwright increased their price target on Uranium Energy from $12.25 to $12.75 and gave the company a "buy" rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of "Buy" and an average target price of $10.91.

Insider Activity

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