The Manufacturers Life Insurance Company Raises Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

The Manufacturers Life Insurance Company lifted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,148 shares of the basic materials company’s stock after buying an additional 11,987 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Uranium Energy were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Caxton Associates LP purchased a new stake in shares of Uranium Energy during the second quarter worth about $372,000. Bank of Montreal Can boosted its position in shares of Uranium Energy by 134.2% in the second quarter. Bank of Montreal Can now owns 72,453 shares of the basic materials company’s stock worth $436,000 after acquiring an additional 41,519 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Uranium Energy in the second quarter worth approximately $329,000. ProShare Advisors LLC boosted its position in shares of Uranium Energy by 49.0% in the second quarter. ProShare Advisors LLC now owns 103,224 shares of the basic materials company’s stock worth $620,000 after acquiring an additional 33,956 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Uranium Energy by 201.1% in the second quarter. Sei Investments Co. now owns 40,204 shares of the basic materials company’s stock worth $242,000 after acquiring an additional 26,853 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 3.0 %

Shares of UEC stock opened at $7.08 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of -117.90 and a beta of 1.84. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.34. The firm’s 50 day simple moving average is $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. On average, research analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Amir Adnani purchased 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UEC. Roth Mkm raised their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. HC Wainwright reissued a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research report on Tuesday, September 24th.

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.