Uranium Energy Corp. $UEC Shares Acquired by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC increased its investments in Uranium Energy Corp. (UEC) by 207.5% in the second quarter, acquiring 31,476 shares valued at approximately $214,000.
• Multiple institutional investors, including Farther Finance Advisors and Harbour Capital Advisors, have significantly boosted their stakes in Uranium Energy, highlighting a growing institutional interest in the company.
• Analysts from Goldman Sachs and Canaccord Genuity have raised their target prices for Uranium Energy to between $17.00 and $17.50, both giving the stock a "buy" rating, indicating strong future performance expectations.

Ballentine Partners LLC lifted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 207.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,476 shares of the basic materials company's stock after buying an additional 21,241 shares during the period. Ballentine Partners LLC's holdings in Uranium Energy were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Uranium Energy by 157.3% during the second quarter. Farther Finance Advisors LLC now owns 20,073 shares of the basic materials company's stock worth $136,000 after buying an additional 12,272 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Uranium Energy in the second quarter worth approximately $310,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Uranium Energy in the second quarter worth approximately $68,000. Pallas Capital Advisors LLC lifted its position in Uranium Energy by 14.5% in the second quarter. Pallas Capital Advisors LLC now owns 33,109 shares of the basic materials company's stock worth $225,000 after purchasing an additional 4,186 shares during the period. Finally, MFG Wealth Management Inc. acquired a new stake in Uranium Energy in the second quarter worth approximately $1,101,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uranium Energy

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 shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Uranium Energy Stock Up 1.6%

Shares of NYSEAMERICAN:UEC opened at $13.89 on Tuesday. The company's fifty day moving average is $10.81 and its two-hundred day moving average is $7.53. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $15.06. The company has a market cap of $6.45 billion, a P/E ratio of -81.70 and a beta of 1.42.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Uranium Energy from $13.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday. Canaccord Genuity Group set a $17.50 target price on Uranium Energy and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Zacks Research upgraded Uranium Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. TD Securities upped their target price on Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, HC Wainwright upped their price target on Uranium Energy from $12.75 to $19.75 and gave the company a "buy" rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $13.80.

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.

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