Harbour Capital Advisors LLC Acquires New Position in Uranium Energy Corp. $UEC

Key Points

• Harbour Capital Advisors LLC has made a new investment in Uranium Energy Corp., acquiring 46,765 shares valued at approximately $310,000.
• Uranium Energy's institutional ownership stands at 62.28%, with significant increases in stakes from several investors, including a 120% increase by Victory Capital Management.
• Uranium Energy's stock is currently rated as a "buy" by multiple analysts, with a consensus price target of $10.97 and a recent trading price of $12.35.

Harbour Capital Advisors LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 46,765 shares of the basic materials company's stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UEC. Andrew Hill Investment Advisors Inc. bought a new stake in Uranium Energy during the second quarter worth about $68,000. Pallas Capital Advisors LLC boosted its holdings in shares of Uranium Energy by 14.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 33,109 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 4,186 shares in the last quarter. MFG Wealth Management Inc. acquired a new stake in shares of Uranium Energy during the 2nd quarter valued at $1,101,000. Rhumbline Advisers lifted its holdings in Uranium Energy by 3.3% during the 1st quarter. Rhumbline Advisers now owns 599,395 shares of the basic materials company's stock worth $2,865,000 after buying an additional 19,416 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company's stock valued at $174,000 after purchasing an additional 19,407 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uranium Energy

In other Uranium Energy news, Director David Kong sold 50,800 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total value of $488,696.00. Following the sale, the director directly owned 182,237 shares of the company's stock, valued at approximately $1,753,119.94. This represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

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

Uranium Energy Trading Up 0.3%

UEC traded up $0.05 during trading hours on Tuesday, hitting $13.47. 10,603,363 shares of the company's stock were exchanged, compared to its average volume of 11,584,085. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $13.77. The firm has a 50 day moving average of $10.22 and a 200 day moving average of $7.20. The firm has a market cap of $5.98 billion, a P/E ratio of -79.15 and a beta of 1.42.

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.