Titan Global Capital Management USA LLC Makes New $6.89 Million Investment in Uranium Energy Corp. $UEC

Key Points

• Titan Global Capital Management USA LLC has initiated a new investment in Uranium Energy Corp. (NYSEAMERICAN: UEC) worth approximately $6.89 million, acquiring 1,441,711 shares, which represents around 1.4% of their portfolio.
• Several institutional investors, including Russell Investments Group Ltd. and Farther Finance Advisors LLC, have also recently increased or established their stakes in Uranium Energy, with institutional ownership now at 62.28% of the stock.
• Analysts have a generally positive outlook on UEC, with HC Wainwright and TD Securities raising their price targets and issuing 'buy' ratings, indicating a consensus rating of 'Buy' with an average target of $10.91.

Titan Global Capital Management USA LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,441,711 shares of the basic materials company's stock, valued at approximately $6,891,000. Uranium Energy comprises 1.4% of Titan Global Capital Management USA LLC's portfolio, making the stock its 19th biggest holding. Titan Global Capital Management USA LLC owned approximately 0.34% of Uranium Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Uranium Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock valued at $195,551,000 after acquiring an additional 423,233 shares in the last quarter. MMCAP International Inc. SPC lifted its position 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 worth $94,244,000 after buying an additional 1,559,173 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Uranium Energy by 52.2% in the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock valued at $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Uranium Energy by 239.4% during the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock valued at $45,036,000 after acquiring an additional 4,748,138 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Uranium Energy by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,091,390 shares of the basic materials company's stock worth $40,756,000 after purchasing an additional 610,392 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Performance

Uranium Energy stock traded down $0.18 during midday trading on Wednesday, reaching $10.53. The stock had a trading volume of 5,277,177 shares, compared to its average volume of 11,054,794. The stock's 50-day simple moving average is $8.26 and its 200 day simple moving average is $6.55. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $11.03. The stock has a market capitalization of $4.68 billion, a PE ratio of -61.85 and a beta of 1.44.

Insider Activity

In related news, Director David Kong sold 50,800 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

UEC has been the topic of a number of recent research reports. The Goldman Sachs Group raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, August 12th. BMO Capital Markets started coverage on Uranium Energy in a research note on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target on the stock. TD Securities increased their target price on Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, HC Wainwright increased their price objective on Uranium Energy from $12.25 to $12.75 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $10.91.

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.