Vident Advisory LLC Cuts Stock Holdings in Uranium Energy Corp. $UEC

Key Points

• Vident Advisory LLC has reduced its stake in Uranium Energy Corp. by 17.2%, selling 380,310 shares, and now owns approximately $8.77 million in shares of the company.
• Analysts have set new price targets for Uranium Energy, with HC Wainwright increasing their target from $12.25 to $12.75 and TD Securities raising theirs from $8.00 to $13.00, indicating a consensus rating of "Buy."
• Institutional investors own about 62.28% of Uranium Energy's stock, with various hedge funds recently acquiring new stakes or increasing their positions.

Vident Advisory LLC trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,834,138 shares of the basic materials company's stock after selling 380,310 shares during the quarter. Vident Advisory LLC owned approximately 0.43% of Uranium Energy worth $8,767,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UEC. Raymond James Financial Inc. bought a new stake in Uranium Energy during the fourth quarter valued at approximately $1,007,000. Mariner LLC grew its position in Uranium Energy by 15.4% during the fourth quarter. Mariner LLC now owns 37,743 shares of the basic materials company's stock valued at $253,000 after buying an additional 5,049 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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. Integrated Wealth Concepts LLC boosted its position in shares of Uranium Energy by 9.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company's stock worth $270,000 after purchasing an additional 3,516 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Uranium Energy by 6.4% in the fourth quarter. Northern Trust Corp now owns 4,028,138 shares of the basic materials company's stock worth $26,948,000 after purchasing an additional 240,767 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Stock Performance

Uranium Energy stock traded up $0.53 during midday trading on Wednesday, hitting $11.51. 13,780,954 shares of the company's stock were exchanged, compared to its average volume of 11,080,661. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $11.61. The company has a market cap of $5.11 billion, a PE ratio of -67.70 and a beta of 1.42. The firm has a 50-day moving average of $8.66 and a two-hundred day moving average of $6.64.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UEC. Roth Capital upped their price target on shares of Uranium Energy from $10.50 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group upgraded shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets assumed coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target for the company. HC Wainwright boosted their target price on shares of Uranium Energy from $12.25 to $12.75 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, TD Securities boosted their target price on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Three analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and a consensus target price of $10.97.

Insider Activity at Uranium Energy

In related news, Director David Kong sold 50,800 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the transaction, the director directly owned 182,237 shares of the company's stock, valued at $1,753,119.94. This trade represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

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.