Creative Planning Boosts Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Creative Planning lifted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 68.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,580 shares of the basic materials company’s stock after acquiring an additional 34,423 shares during the period. Creative Planning’s holdings in Uranium Energy were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in UEC. MMCAP International Inc. SPC boosted its stake in shares of Uranium Energy by 17.0% in 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 acquiring an additional 4,306,240 shares during the last quarter. Rokos Capital Management LLP acquired a new position in Uranium Energy during the first quarter worth $10,396,000. American Century Companies Inc. boosted its stake in Uranium Energy by 961.2% during the second 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. Van ECK Associates Corp boosted its stake in Uranium Energy by 64.8% during the second quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock worth $16,741,000 after buying an additional 1,095,268 shares during the last quarter. Finally, Murchinson Ltd. acquired a new position in Uranium Energy during the first quarter worth $6,750,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Trading Down 2.3 %

Shares of Uranium Energy stock opened at $7.12 on Wednesday. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.67. The company has a fifty day simple moving average of $6.36. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -118.65 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. On average, research analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Activity

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

Analyst Ratings Changes

A number of research firms have weighed in on UEC. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

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.