TimesSquare Capital Management LLC Invests $17.97 Million in Uranium Energy Corp. $UEC

Key Points

• TimesSquare Capital Management acquired 1.69 million Uranium Energy shares worth approximately $17.97 million, representing a 0.34% stake.
• Institutional investors own 62.28% of UEC, with major holders including Vanguard, T. Rowe Price, State Street, VanEck and Norges Bank increasing or initiating positions.
• UEC shares opened at $11.17, while analysts maintain a “Moderate Buy” consensus with an average price target of $17.41; the company recently reported a quarterly EPS loss of $0.07, below estimates.

TimesSquare Capital Management LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,685,961 shares of the basic materials company's stock, valued at approximately $17,972,000. TimesSquare Capital Management LLC owned 0.34% of Uranium Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UEC. Vanguard Group Inc. boosted its holdings in Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company's stock valued at $551,854,000 after purchasing an additional 11,521,597 shares during the period. Norges Bank purchased a new position in shares of Uranium Energy during the 4th quarter valued at $118,019,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Uranium Energy by 11.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company's stock worth $774,995,000 after purchasing an additional 7,013,279 shares during the period. Van ECK Associates Corp increased its holdings in shares of Uranium Energy by 25.3% in the fourth quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company's stock worth $229,695,000 after purchasing an additional 3,969,046 shares during the period. Finally, State Street Corp raised its position in shares of Uranium Energy by 18.5% in the fourth quarter. State Street Corp now owns 22,521,502 shares of the basic materials company's stock worth $263,051,000 after buying an additional 3,509,848 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $11.17 on Tuesday. Uranium Energy Corp. has a 1 year low of $8.90 and a 1 year high of $20.34. The firm has a market cap of $5.53 billion, a PE ratio of -93.08 and a beta of 1.22. The company has a 50 day simple moving average of $10.53 and a two-hundred day simple moving average of $13.13.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). As a group, research analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on UEC. HC Wainwright reissued a "buy" rating and set a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, June 10th. The Goldman Sachs Group restated a "buy" rating and issued a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.41.

About Uranium Energy

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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