Nuveen LLC Buys Shares of 1,066,744 Uranium Energy Corp. $UEC

Key Points

• Nuveen LLC has invested approximately $5.10 million in Uranium Energy Corp., acquiring about 1,066,744 shares during the 1st quarter of the year.
• Uranium Energy Corp. recently received upgrades from multiple analysts, including a "strong-buy" rating from Goldman Sachs and an increased price target to $13.00 from TD Securities.
• Institutional investors and hedge funds own 62.28% of Uranium Energy Corp.'s stock, indicating substantial institutional interest and investment in the company.

Nuveen LLC purchased a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,066,744 shares of the basic materials company's stock, valued at approximately $5,099,000. Nuveen LLC owned approximately 0.25% of Uranium Energy at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Virtu Financial LLC grew its holdings in shares of Uranium Energy by 44.1% in the first quarter. Virtu Financial LLC now owns 254,836 shares of the basic materials company's stock worth $1,218,000 after acquiring an additional 77,958 shares during the period. MMCAP International Inc. SPC increased its holdings in Uranium Energy by 8.6% in the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company's stock valued at $94,244,000 after acquiring an additional 1,559,173 shares during the last quarter. Swiss National Bank increased its holdings in Uranium Energy by 1.3% in the 1st quarter. Swiss National Bank now owns 819,700 shares of the basic materials company's stock valued at $3,918,000 after acquiring an additional 10,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Uranium Energy by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company's stock valued at $16,351,000 after acquiring an additional 11,542 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Uranium Energy during the first quarter valued at $322,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Trading Up 2.0%

UEC stock traded up $0.21 during midday trading on Monday, reaching $10.69. The stock had a trading volume of 12,815,335 shares, compared to its average volume of 12,700,454. The company's fifty day simple moving average is $8.49 and its 200 day simple moving average is $6.60. The company has a market cap of $4.75 billion, a price-to-earnings ratio of -62.88 and a beta of 1.42. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $11.29.

Analyst Ratings Changes

A number of research analysts have weighed in on UEC shares. TD Securities boosted their price objective on shares of Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 15th. BMO Capital Markets assumed coverage on Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 target price for the company. The Goldman Sachs Group upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, Uranium Energy currently has an average rating of "Buy" and an average price target of $10.91.

Insiders Place Their Bets

In other Uranium Energy news, Director David Kong sold 50,800 shares of the company'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 completion of the sale, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. This represents a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company's stock.

Uranium Energy Profile

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.