Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Murchinson Ltd.

Murchinson Ltd. lowered its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 74.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,000 shares of the basic materials company’s stock after selling 664,974 shares during the quarter. Uranium Energy comprises about 0.4% of Murchinson Ltd.’s portfolio, making the stock its 24th biggest holding. Murchinson Ltd. owned 0.05% of Uranium Energy worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UEC. Van ECK Associates Corp lifted its holdings in Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Uranium Energy in the 3rd quarter worth approximately $12,643,000. The Manufacturers Life Insurance Company lifted its stake in Uranium Energy by 712.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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, Dimensional Fund Advisors LP raised its position in shares of Uranium Energy by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after purchasing an additional 947,773 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 1.1 %

NYSEAMERICAN:UEC opened at $8.19 on Wednesday. The firm’s fifty day moving average is $6.44. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.77.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.10 per share, for a total transaction 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. This trade represents a 1.43 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction that occurred 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 transaction, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.