International Assets Investment Management LLC Purchases 146,720 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

International Assets Investment Management LLC boosted its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 773.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 165,690 shares of the basic materials company's stock after acquiring an additional 146,720 shares during the quarter. International Assets Investment Management LLC's holdings in Uranium Energy were worth $1,060,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MMCAP International Inc. SPC lifted its position in shares of Uranium Energy by 59.4% during the 3rd quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company's stock worth $110,353,000 after buying an additional 7,987,736 shares in the last quarter. FMR LLC lifted its position in shares of Uranium Energy by 5,187.7% during the 3rd quarter. FMR LLC now owns 7,261,126 shares of the basic materials company's stock worth $37,395,000 after buying an additional 7,123,805 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Uranium Energy by 16.8% during the 3rd quarter. Alps Advisors Inc. now owns 14,889,161 shares of the basic materials company's stock worth $76,679,000 after buying an additional 2,142,316 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Uranium Energy by 9.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,422,579 shares of the basic materials company's stock worth $110,326,000 after buying an additional 1,919,978 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Uranium Energy during the 3rd quarter worth approximately $3,980,000. Institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UEC. HC Wainwright raised their price target on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Eight Capital lifted their price objective on shares of Uranium Energy from $7.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.80.

Uranium Energy Trading Up 1.0 %

Shares of UEC traded up $0.06 during mid-day trading on Tuesday, reaching $6.73. 5,047,758 shares of the stock traded hands, compared to its average volume of 7,890,971. The business has a fifty day simple moving average of $6.31. The firm has a market cap of $2.72 billion, a P/E ratio of -672.50 and a beta of 1.83. Uranium Energy Corp. has a 1 year low of $2.30 and a 1 year high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. Equities analysts anticipate that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity

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