NewGen Asset Management Ltd Purchases New Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

NewGen Asset Management Ltd purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 450,000 shares of the basic materials company's stock, valued at approximately $2,880,000. Uranium Energy comprises approximately 1.5% of NewGen Asset Management Ltd's portfolio, making the stock its 18th biggest holding. NewGen Asset Management Ltd owned approximately 0.11% of Uranium Energy as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UEC. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $27,000. Millburn Ridgefield Corp bought a new stake in shares of Uranium Energy during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Uranium Energy during the third quarter valued at about $27,000. CVA Family Office LLC bought a new position in Uranium Energy in the fourth quarter worth about $38,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Uranium Energy in the third quarter worth about $33,000. Institutional investors own 62.28% of the company's stock.

Insider Buying and Selling

In other news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction that occurred 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 sale, the director now owns 154,085 shares in the company, valued at $1,049,318.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.90% of the stock is currently owned by company insiders.

Uranium Energy Price Performance

Uranium Energy stock traded up $0.09 during trading on Friday, reaching $7.21. The company had a trading volume of 4,839,765 shares, compared to its average volume of 5,961,319. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -721.00 and a beta of 1.83. The business's 50-day moving average is $6.38. Uranium Energy Corp. has a 52 week low of $2.44 and a 52 week high of $8.34.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UEC shares. HC Wainwright upped their price objective on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a "buy" rating in a report on Thursday, January 18th. Eight Capital boosted their target price on Uranium Energy from $7.00 to $13.00 and gave the stock a "buy" rating in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.80.

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.