Principal Financial Group Inc. Lowers Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Principal Financial Group Inc. lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 30.0% in the third quarter, HoldingsChannel.com reports. The firm owned 37,178 shares of the basic materials company’s stock after selling 15,959 shares during the period. Principal Financial Group Inc.’s holdings in Uranium Energy were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock valued at $153,640,000 after purchasing an additional 538,703 shares during the period. American International Group Inc. grew its stake in shares of Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 1,844 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of Uranium Energy by 897.7% during the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,905 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Uranium Energy by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 240,466 shares of the basic materials company’s stock valued at $1,624,000 after purchasing an additional 15,726 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new position in Uranium Energy during the 1st quarter worth $383,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Ratings Changes

UEC has been the topic of a number of analyst reports. HC Wainwright reaffirmed 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 reaffirmed 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.

Insiders Place Their Bets

In other Uranium Energy news, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost 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 trade represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Uranium Energy Stock Down 4.7 %

Shares of Uranium Energy stock opened at $8.07 on Tuesday. The firm has a fifty day simple moving average of $6.44. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.77. The firm has a market cap of $3.32 billion, a PE ratio of -134.39 and a beta of 1.82.

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

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.