International Assets Investment Management LLC Sells 6,505 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

International Assets Investment Management LLC lowered its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 44.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,245 shares of the basic materials company’s stock after selling 6,505 shares during the period. International Assets Investment Management LLC’s holdings in Uranium Energy were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UEC. CWM LLC grew its stake in shares of Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after buying an additional 1,776 shares during the period. New York State Common Retirement Fund grew its stake in Uranium Energy by 7.7% in the fourth quarter. New York State Common Retirement Fund now owns 150,530 shares of the basic materials company’s stock valued at $963,000 after acquiring an additional 10,811 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Uranium Energy by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 10,163 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Uranium Energy by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock worth $19,245,000 after purchasing an additional 118,785 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Uranium Energy during the fourth quarter worth approximately $113,000. 62.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UEC shares. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research report on Wednesday, August 14th. Roth Mkm reiterated a “buy” rating and set a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Uranium Energy presently has a consensus rating of “Moderate Buy” and an average target price of $9.35.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $4.79 on Thursday. The company has a market capitalization of $1.96 billion, a P/E ratio of -159.50 and a beta of 1.84. The stock’s fifty day moving average is $6.60. Uranium Energy Corp. has a 12-month low of $4.12 and a 12-month high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. On average, sell-side analysts anticipate that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

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.