Man Group plc bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 816,628 shares of the basic materials company's stock, valued at approximately $8,705,000. Man Group plc owned 0.17% of Uranium Energy as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of UEC. PenderFund Capital Management Ltd. acquired a new stake in Uranium Energy during the fourth quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Uranium Energy in the fourth quarter valued at approximately $39,000. Longview Financial Advisors Inc. acquired a new position in shares of Uranium Energy in the first quarter valued at approximately $52,000. EFG International AG bought a new position in shares of Uranium Energy during the second quarter worth approximately $43,000. Finally, Western Wealth Management LLC bought a new position in shares of Uranium Energy during the first quarter worth approximately $60,000. Institutional investors and hedge funds own 62.28% of the company's stock.
Wall Street Analyst Weigh In
UEC has been the subject of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reiterated a "buy" rating on shares of Uranium Energy in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of "Moderate Buy" and an average target price of $17.41.
Check Out Our Latest Stock Analysis on Uranium Energy
Uranium Energy Price Performance
Uranium Energy stock opened at $12.40 on Friday. The firm has a market cap of $6.14 billion, a PE ratio of -103.33 and a beta of 1.22. The stock's fifty day moving average price is $10.74 and its two-hundred day moving average price is $12.85. Uranium Energy Corp. has a one year low of $8.90 and a one year high of $20.34.
Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Sell-side analysts expect that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.
About Uranium Energy
(
Free Report)
Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company's core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy's approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.
The company's primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.
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