MFG Wealth Management Inc. bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 161,866 shares of the basic materials company's stock, valued at approximately $1,101,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Uranium Energy during the 1st quarter valued at $27,000. Farther Finance Advisors LLC raised its stake 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 valued at $36,000 after acquiring an additional 2,364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Uranium Energy during the 1st quarter valued at $36,000. Oarsman Capital Inc. raised its stake in Uranium Energy by 900.0% during the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in Uranium Energy during the 1st quarter valued at $49,000. Institutional investors own 62.28% of the company's stock.
Uranium Energy Stock Up 11.0%
Shares of Uranium Energy stock opened at $13.17 on Tuesday. The stock's fifty day moving average is $9.60 and its 200-day moving average is $6.95. The firm has a market capitalization of $5.85 billion, a PE ratio of -77.47 and a beta of 1.42. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $13.25.
Insider Buying and Selling at Uranium Energy
In other news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction on 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 owned 182,237 shares in the company, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. The Goldman Sachs Group raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, August 12th. HC Wainwright lifted their target price on Uranium Energy from $12.25 to $12.75 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Roth Capital lifted their target price on Uranium Energy from $10.50 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. BMO Capital Markets initiated coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price objective on the stock. Finally, TD Securities boosted their price objective on Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $10.97.
View Our Latest Report on UEC
About Uranium Energy
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report).
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