Confluence Investment Management LLC Boosts Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Confluence Investment Management LLC boosted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 82,252 shares of the basic materials company’s stock after buying an additional 3,207 shares during the quarter. Confluence Investment Management LLC’s holdings in Uranium Energy were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. MMCAP International Inc. SPC boosted its position in shares of Uranium Energy by 17.0% during the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after acquiring an additional 4,306,240 shares during the last quarter. Van ECK Associates Corp lifted its position in Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after purchasing an additional 2,171,468 shares during the last quarter. Rokos Capital Management LLP purchased a new position in shares of Uranium Energy in the 1st quarter worth $10,396,000. American Century Companies Inc. increased its holdings in shares of Uranium Energy by 961.2% in the 2nd quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock worth $8,414,000 after buying an additional 1,268,141 shares during the last quarter. Finally, Murchinson Ltd. purchased a new stake in shares of Uranium Energy during the 1st quarter valued at about $6,750,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $7.93 on Friday. The company has a market cap of $3.26 billion, a P/E ratio of -132.14 and a beta of 1.82. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.67. The firm’s 50-day moving average price is $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. As a group, analysts predict that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm reiterated a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

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.