61,963 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Acquired by Caxton Associates LP

Caxton Associates LP bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,963 shares of the basic materials company’s stock, valued at approximately $372,000.

Other hedge funds also recently bought and sold shares of the company. MMCAP International Inc. SPC raised its position in shares of Uranium Energy by 17.0% during the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the period. Fourth Sail Capital LP bought a new stake in Uranium Energy during the 1st quarter worth approximately $12,695,000. Rokos Capital Management LLP acquired a new stake in Uranium Energy during the 1st quarter worth approximately $10,396,000. American Century Companies Inc. lifted its stake in Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after buying an additional 1,268,141 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Uranium Energy by 64.8% in the second quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock valued at $16,741,000 after buying an additional 1,095,268 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UEC has been the topic of several research reports. Roth Mkm boosted their price objective on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday. HC Wainwright restated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, Uranium Energy has a consensus rating of “Moderate Buy” and an average price target of $10.31.

Uranium Energy Stock Performance

Shares of UEC stock opened at $6.37 on Friday. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.34. The stock has a fifty day simple moving average of $6.44. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -212.17 and a beta of 1.84.

Insiders Place Their Bets

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

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.