Vanguard Group Inc. Raises Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Vanguard Group Inc. boosted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,255,365 shares of the basic materials company's stock after purchasing an additional 238,424 shares during the period. Vanguard Group Inc. owned about 5.41% of Uranium Energy worth $109,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in shares of Uranium Energy by 116.0% in the third quarter. American Century Companies Inc. now owns 312,686 shares of the basic materials company's stock valued at $1,610,000 after acquiring an additional 167,929 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Uranium Energy by 12.3% in the third quarter. Deutsche Bank AG now owns 181,723 shares of the basic materials company's stock valued at $936,000 after acquiring an additional 19,900 shares in the last quarter. Creative Planning lifted its position in shares of Uranium Energy by 7.5% in the third quarter. Creative Planning now owns 34,428 shares of the basic materials company's stock valued at $177,000 after acquiring an additional 2,406 shares in the last quarter. Toroso Investments LLC lifted its position in shares of Uranium Energy by 8.8% in the third quarter. Toroso Investments LLC now owns 88,597 shares of the basic materials company's stock valued at $456,000 after acquiring an additional 7,160 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Uranium Energy by 46.5% in the third quarter. Royal Bank of Canada now owns 208,876 shares of the basic materials company's stock valued at $1,076,000 after acquiring an additional 66,262 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Uranium Energy stock traded down $0.41 during mid-day trading on Thursday, reaching $7.27. 8,721,044 shares of the company were exchanged, compared to its average volume of 8,337,943. The firm's fifty day moving average is $6.18. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -727.00 and a beta of 1.83. Uranium Energy Corp. has a 12-month low of $2.30 and a 12-month high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $0.12 million for the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. As a group, equities research analysts predict that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity at Uranium Energy

In related news, Director Volpe Vincent Della sold 84,000 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total value of $686,280.00. Following the transaction, the director now directly owns 186,095 shares of the company's stock, valued at approximately $1,520,396.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Uranium Energy news, Director David Kong sold 26,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the sale, the director now directly owns 154,085 shares of the company's stock, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $8.17, for a total value of $686,280.00. Following the sale, the director now directly owns 186,095 shares in the company, valued at $1,520,396.15. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD Securities lifted their target price on Uranium Energy from $7.00 to $8.50 and gave the stock a "speculative buy" rating in a report on Tuesday, December 12th. HC Wainwright boosted their price objective on Uranium Energy from $8.25 to $9.75 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Finally, Eight Capital boosted their price objective on Uranium Energy from $7.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, January 15th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.80.

Uranium Energy Company 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.