Navellier & Associates Inc. Sells 17,511 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Navellier & Associates Inc. trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 21.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 65,269 shares of the basic materials company’s stock after selling 17,511 shares during the quarter. Navellier & Associates Inc.’s holdings in Uranium Energy were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UEC. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 2,171,468 shares during the period. Riggs Asset Managment Co. Inc. acquired a new stake in Uranium Energy in the third quarter valued at approximately $501,000. Riverwater Partners LLC bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $2,341,000. Grimes & Company Inc. bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $394,000. Finally, Vanguard Group Inc. raised its position in shares of Uranium Energy by 2.4% during the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after purchasing an additional 538,703 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Trading Up 3.0 %

Shares of NYSEAMERICAN:UEC opened at $8.39 on Friday. The company has a market cap of $3.45 billion, a PE ratio of -139.73 and a beta of 1.82. The company’s fifty day moving average is $6.44. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.67.

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

Insiders Place Their Bets

In related news, CEO Amir Adnani purchased 60,000 shares of Uranium Energy stock in a transaction that occurred 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 transaction, 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 the stock in a transaction on 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 transaction, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

UEC has been the subject of a number of recent research reports. Roth Mkm restated a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright restated a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th.

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.