Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management reduced its stake in Uranium Energy Corp. by 66.1%, holding 115,822 shares worth $554,000 after selling 226,190 shares in the first quarter.
• Institutional investors and hedge funds collectively own 62.28% of Uranium Energy's stock, indicating strong institutional interest in the company.
• BMO Capital Markets has rated Uranium Energy with an "outperform" rating and set a target price of $7.75, suggesting a positive outlook for the stock's performance.

Neo Ivy Capital Management trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 66.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,822 shares of the basic materials company's stock after selling 226,190 shares during the quarter. Neo Ivy Capital Management's holdings in Uranium Energy were worth $554,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of UEC. Versant Capital Management Inc acquired a new position in shares of Uranium Energy during the first quarter worth $27,000. Farther Finance Advisors LLC grew its stake in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after purchasing an additional 2,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Uranium Energy in the first quarter valued at $36,000. Altshuler Shaham Ltd bought a new position in Uranium Energy during the 4th quarter worth $67,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Uranium Energy in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $10.13.

Uranium Energy Stock Performance

UEC traded up $0.02 during trading on Wednesday, reaching $8.77. 3,523,341 shares of the company traded hands, compared to its average volume of 10,776,961. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $9.09. The company has a market cap of $3.89 billion, a P/E ratio of -51.84 and a beta of 1.42. The firm has a fifty day simple moving average of $6.79 and a 200 day simple moving average of $6.30.

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.