Virtu Financial LLC Buys 77,958 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Key Points

• Virtu Financial LLC increased its stake in Uranium Energy Corp. by 44.1%, holding 254,836 shares valued at approximately $1.22 million as of the latest SEC filing.
• Multiple institutional investors, including Farther Finance Advisors and Versant Capital Management, have also increased their positions in Uranium Energy during the 1st quarter.
• Brokerages have expressed positive outlooks for the stock, with six analysts rating it as a "Buy" and a consensus price target of $10.21.

Virtu Financial LLC boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 44.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,836 shares of the basic materials company's stock after buying an additional 77,958 shares during the period. Virtu Financial LLC owned approximately 0.06% of Uranium Energy worth $1,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of Uranium Energy by 239.4% in the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after buying an additional 4,748,138 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of 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 worth $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. Victory Capital Management Inc. boosted its position in Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock valued at $28,350,000 after acquiring an additional 3,235,394 shares in the last quarter. MMCAP International Inc. SPC boosted its position in Uranium Energy by 8.6% during 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Uranium Energy during the fourth quarter valued at approximately $9,100,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN UEC traded up $0.43 on Friday, hitting $10.69. The stock had a trading volume of 10,060,744 shares, compared to its average volume of 10,980,494. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -62.97 and a beta of 1.44. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $10.88. The business's fifty day moving average price is $7.65 and its 200 day moving average price is $6.42.

Insider Buying and Selling at Uranium Energy

In related news, Director David Kong sold 50,800 shares of Uranium Energy 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on UEC. The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday. HC Wainwright upped 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. TD Securities increased their price objective on shares of Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a report on Friday. Finally, BMO Capital Markets started coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target for the company. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.