Wealth Enhancement Advisory Services LLC Sells 25,316 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 65.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,120 shares of the basic materials company’s stock after selling 25,316 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Uranium Energy were worth $81,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MMCAP International Inc. SPC increased its holdings in 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 worth $199,874,000 after purchasing an additional 4,306,240 shares during the period. Rokos Capital Management LLP purchased a new position in Uranium Energy during the 1st quarter worth $10,396,000. American Century Companies Inc. increased its holdings in Uranium Energy by 961.2% during 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 purchasing an additional 1,268,141 shares during the period. Van ECK Associates Corp increased its holdings in Uranium Energy by 64.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock worth $16,741,000 after purchasing an additional 1,095,268 shares during the period. Finally, Murchinson Ltd. purchased a new position in Uranium Energy during the 1st quarter worth $6,750,000. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UEC has been the topic of several research reports. Roth Mkm restated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Trading Down 4.6 %

Shares of UEC stock opened at $7.33 on Thursday. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.67. The stock’s fifty day simple moving average is $6.44. The stock has a market cap of $3.01 billion, a P/E ratio of -122.06 and a beta of 1.82.

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

Insider Buying and Selling

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

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.