MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,341,427 Shares of Uranium Energy Corp. $UEC

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its shares in Uranium Energy Corp. by 4.6%, now holding approximately 27.9 million shares valued at about $133 million.
• Several institutional investors have increased their stakes in Uranium Energy, with notable increases including Ameriprise Financial at 239.4% and Encompass Capital Advisors at 255.1%.
• Uranium Energy's stock currently has a consensus rating of "Buy" from multiple analysts, with price target increases noted from firms including HC Wainwright and TD Securities.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,888,917 shares of the basic materials company's stock after selling 1,341,427 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 6.59% of Uranium Energy worth $133,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MMCAP International Inc. SPC grew its stake in shares of Uranium Energy by 8.6% in the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company's stock worth $94,244,000 after purchasing an additional 1,559,173 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after buying an additional 3,259,704 shares during the period. Ameriprise Financial Inc. grew its position in shares of Uranium Energy by 239.4% in the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after buying an additional 4,748,138 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Uranium Energy by 120.0% during the first quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock valued at $28,350,000 after buying an additional 3,235,394 shares during the period. Finally, Encompass Capital Advisors LLC raised its holdings in shares of Uranium Energy by 255.1% during the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company's stock valued at $20,188,000 after acquiring an additional 3,033,974 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UEC has been the topic of a number of research analyst reports. Roth Capital boosted their price objective on shares of Uranium Energy from $10.50 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. BMO Capital Markets began coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target on the stock. The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, August 12th. HC Wainwright upped their target price on Uranium Energy from $12.25 to $12.75 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, TD Securities raised their target price on Uranium Energy from $8.00 to $13.00 and gave the company 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 given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $10.97.

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 sale, the director directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company's stock.

Uranium Energy Stock Performance

Shares of UEC traded up $0.27 during mid-day trading on Tuesday, reaching $12.09. The company had a trading volume of 13,814,685 shares, compared to its average volume of 11,154,838. The firm has a 50-day moving average price of $9.03 and a 200 day moving average price of $6.76. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $12.31. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of -71.11 and a beta of 1.42.

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.