Wellington Management Group LLP Buys 62,562 Shares of Uranium Energy Corp. $UEC

Key Points

• Wellington Management Group LLP increased its stake in Uranium Energy Corp. by 9.5%, owning 723,422 shares valued at approximately $3.46 million as of its latest SEC filing.
• The stock has seen significant analyst interest, with several firms upgrading their ratings and target prices, including a boost from HC Wainwright to $12.75 for a "buy" rating.
• Uranium Energy's stock is currently trading at $10.69, up 2.0%, with a market capitalization of $4.75 billion and a 1-year price range of $3.85 to $11.29.

Wellington Management Group LLP grew its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 723,422 shares of the basic materials company's stock after buying an additional 62,562 shares during the period. Wellington Management Group LLP owned 0.17% of Uranium Energy worth $3,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Uranium Energy by 1.6% during the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company's stock valued at $580,000 after buying an additional 1,962 shares during the period. Farther Finance Advisors LLC increased its stake in Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after acquiring an additional 2,364 shares during the last quarter. Xponance Inc. raised its holdings in shares of Uranium Energy by 7.7% in the 1st quarter. Xponance Inc. now owns 33,240 shares of the basic materials company's stock valued at $159,000 after acquiring an additional 2,385 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Uranium Energy by 9.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company's stock valued at $270,000 after acquiring an additional 3,516 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its holdings in shares of Uranium Energy by 2.7% during the first quarter. Riggs Asset Managment Co. Inc. now owns 177,100 shares of the basic materials company's stock worth $847,000 after purchasing an additional 4,714 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 4.5%

NYSEAMERICAN:UEC traded up $0.50 on Wednesday, reaching $11.48. 10,247,081 shares of the stock traded hands, compared to its average volume of 11,069,952. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of -67.26 and a beta of 1.42. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $11.61. The company's fifty day simple moving average is $8.66 and its 200 day simple moving average is $6.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UEC shares. TD Securities lifted their price objective 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. The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets started coverage on Uranium Energy in a report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 target price for the company. Roth Capital upped their target price on Uranium Energy from $10.50 to $11.50 and gave the stock a "buy" rating in a report on Wednesday. Finally, HC Wainwright increased their target price 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 research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $10.97.

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 dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the sale, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. The trade was a 21.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

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.