Holocene Advisors LP Makes New Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Holocene Advisors LP purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 382,601 shares of the basic materials company’s stock, valued at approximately $2,376,000. Holocene Advisors LP owned approximately 0.09% of Uranium Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in Uranium Energy during the third quarter valued at $170,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Uranium Energy by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 655,946 shares of the basic materials company’s stock worth $4,073,000 after buying an additional 26,102 shares in the last quarter. Fiduciary Trust Co lifted its stake in shares of Uranium Energy by 12.4% in the third quarter. Fiduciary Trust Co now owns 23,660 shares of the basic materials company’s stock worth $147,000 after buying an additional 2,619 shares in the last quarter. BNP Paribas purchased a new position in shares of Uranium Energy in the third quarter worth about $38,000. Finally, Freedom Investment Management Inc. lifted its stake in Uranium Energy by 18.3% in the 3rd quarter. Freedom Investment Management Inc. now owns 106,194 shares of the basic materials company’s stock worth $659,000 after purchasing an additional 16,409 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on UEC. Roth Mkm reissued a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Price Performance

UEC stock opened at $8.52 on Friday. The company has a fifty day moving average price of $6.50. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The stock has a market cap of $3.51 billion, a P/E ratio of -141.98 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Sell-side analysts expect that Uranium Energy Corp. 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.