Traders Purchase High Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of unusually large options trading on Friday. Stock investors bought 19,376 call options on the company. This is an increase of 139% compared to the average volume of 8,099 call options.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Insider Transactions at Uranium Energy

In related news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction dated 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 directly owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amir Adnani purchased 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently made changes to their positions in UEC. Janney Montgomery Scott LLC purchased a new stake in shares of Uranium Energy in the 1st quarter worth $75,000. Empowered Funds LLC bought a new position in Uranium Energy in the 1st quarter worth $116,000. SG Americas Securities LLC raised its holdings in Uranium Energy by 40.5% in the 1st quarter. SG Americas Securities LLC now owns 93,638 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 26,976 shares during the period. Swiss National Bank raised its holdings in Uranium Energy by 2.0% in the 1st quarter. Swiss National Bank now owns 737,200 shares of the basic materials company’s stock worth $4,976,000 after purchasing an additional 14,800 shares during the period. Finally, Headlands Technologies LLC bought a new position in Uranium Energy in the 1st quarter worth $92,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 0.8 %

NYSEAMERICAN UEC opened at $7.42 on Friday. Uranium Energy has a 1-year low of $4.06 and a 1-year high of $8.67. The company’s fifty day moving average price is $6.44.

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. As a group, analysts forecast that Uranium Energy will post 0.09 EPS for the current fiscal year.

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.