Headlands Technologies LLC Sells 63,403 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Headlands Technologies LLC decreased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 57.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,727 shares of the basic materials company's stock after selling 63,403 shares during the quarter. Headlands Technologies LLC's holdings in Uranium Energy were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Uranium Energy during the 1st quarter worth about $27,000. Farther Finance Advisors LLC boosted 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 acquiring an additional 2,364 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Uranium Energy during the 1st quarter worth about $36,000. Altshuler Shaham Ltd acquired a new stake in Uranium Energy during the 4th quarter worth about $67,000. Finally, Nomura Holdings Inc. acquired a new stake in Uranium Energy during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UEC shares. HC Wainwright lifted 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. The Goldman Sachs Group started coverage on Uranium Energy in a report on Monday. They set a "buy" rating and a $13.00 price target for the company. Finally, BMO Capital Markets started coverage on Uranium Energy in a report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target for the company. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and a consensus target price of $10.61.

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total value of $488,696.00. Following the transaction, the director owned 182,237 shares of the company's stock, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Uranium Energy Trading Up 6.6%

UEC stock traded up $0.64 during trading on Tuesday, hitting $10.33. The company had a trading volume of 13,645,664 shares, compared to its average volume of 14,984,566. The company has a fifty day moving average price of $7.48 and a two-hundred day moving average price of $6.37. The company has a market cap of $4.59 billion, a P/E ratio of -60.76 and a beta of 1.44. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $10.36.

About Uranium Energy

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.