Uranium Energy Corp. $UEC Shares Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in Uranium Energy Corp. by 22.8%, owning 205,375 shares valued at approximately $982,000 as of the recent SEC filing.
• Uranium Energy has received several upgrades from analysts, including a "strong-buy" rating from Goldman Sachs and a price target increase by TD Securities from $8.00 to $13.00.
• The stock is currently trading at $11.51, reflecting a significant price increase, with a 12-month range between $3.85 and $11.61.

Graham Capital Management L.P. lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,375 shares of the basic materials company's stock after purchasing an additional 38,066 shares during the quarter. Graham Capital Management L.P.'s holdings in Uranium Energy were worth $982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Titan Global Capital Management USA LLC acquired a new stake in Uranium Energy during the 1st quarter valued at $6,891,000. General American Investors Co. Inc. acquired a new stake in shares of Uranium Energy in the first quarter valued at about $5,296,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 11,688 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock valued at $28,350,000 after acquiring an additional 3,235,394 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Uranium Energy by 3.2% in the first quarter. Northern Trust Corp now owns 4,156,467 shares of the basic materials company's stock valued at $19,868,000 after buying an additional 128,329 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of Uranium Energy stock traded up $0.62 on Monday, hitting $11.79. 10,850,245 shares of the company traded hands, compared to its average volume of 11,097,317. The stock has a market capitalization of $5.24 billion, a P/E ratio of -69.26 and a beta of 1.42. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $11.80. The business has a 50-day simple moving average of $8.93 and a 200 day simple moving average of $6.72.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the transaction, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. This trade represents a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Uranium Energy 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.