Uranium Energy Sees Unusually High Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) saw some unusual options trading on Monday. Investors purchased 23,964 call options on the company. This is an increase of approximately 113% compared to the typical daily volume of 11,237 call options.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Uranium Energy by 3.3% in the 1st quarter. Rhumbline Advisers now owns 599,395 shares of the basic materials company's stock worth $2,865,000 after acquiring an additional 19,416 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company's stock valued at $174,000 after acquiring an additional 19,407 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company's stock worth $6,537,000 after acquiring an additional 423,994 shares during the last quarter. Caxton Associates LLP purchased a new position in Uranium Energy in the 1st quarter worth approximately $173,000. Finally, Teza Capital Management LLC purchased a new position in shares of Uranium Energy in the 1st quarter worth about $49,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Up 0.3%

Shares of UEC stock traded up $0.02 on Thursday, hitting $6.65. The stock had a trading volume of 8,893,592 shares, compared to its average volume of 8,900,554. The company has a fifty day moving average price of $5.63 and a two-hundred day moving average price of $6.51. The firm has a market cap of $2.95 billion, a P/E ratio of -39.12 and a beta of 1.39. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $8.93.

Wall Street Analyst Weigh In

UEC has been the subject of several recent analyst reports. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. BMO Capital Markets assumed coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a report on Wednesday, March 12th. Finally, HC Wainwright restated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Uranium Energy presently has a consensus rating of "Buy" and an average target price of $10.13.

About Uranium Energy

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.