Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5,130.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,812 shares of the basic materials company’s stock after acquiring an additional 4,720 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uranium Energy were worth $30,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in shares of Uranium Energy by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock worth $239,000 after buying an additional 1,461 shares in the last quarter. American International Group Inc. grew its position in shares of Uranium Energy by 1.0% during the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after buying an additional 1,844 shares in the last quarter. Choreo LLC grew its position in shares of Uranium Energy by 11.0% during the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after buying an additional 2,420 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Uranium Energy by 7.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock worth $231,000 after buying an additional 2,585 shares in the last quarter. Finally, EntryPoint Capital LLC grew 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 buying an additional 3,905 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

UEC stock opened at $7.43 on Friday. The stock’s 50 day simple moving average is $6.44. The stock has a market capitalization of $3.06 billion, a PE ratio of -123.81 and a beta of 1.82. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67.

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

Insider Buying and Selling

In other news, CEO Amir Adnani acquired 60,000 shares of Uranium Energy stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. This represents a 1.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The trade was a 0.97 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UEC shares. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report 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 report on Tuesday, September 24th.

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.