Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 5.3% – Here’s Why

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares dropped 5.3% during trading on Tuesday . The company traded as low as $7.90 and last traded at $7.98. Approximately 3,394,136 shares were traded during trading, a decline of 55% from the average daily volume of 7,527,383 shares. The stock had previously closed at $8.43.

Analyst Upgrades and Downgrades

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

Uranium Energy Stock Performance

The firm has a fifty day moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. On average, equities analysts predict that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. grew its holdings 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 purchasing an additional 1,461 shares in the last quarter. American International Group Inc. grew its stake in Uranium Energy by 1.0% in the 1st 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 increased its holdings in shares of Uranium Energy by 11.0% in the 2nd 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Uranium Energy by 7.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after buying an additional 2,585 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in shares of Uranium Energy by 897.7% during the 1st 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 last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.