Uranium Energy Target of Unusually High Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading on Monday. Traders bought 23,964 call options on the stock. This represents an increase of approximately 113% compared to the typical volume of 11,237 call options.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its position in Uranium Energy by 7.7% during the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 1,600 shares in the last quarter. Arizona State Retirement System lifted its position in Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 1,692 shares in the last quarter. Sei Investments Co. lifted its position in Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,710 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 2,364 shares in the last quarter. Finally, Xponance Inc. lifted its position in Uranium Energy by 7.7% during the 1st quarter. Xponance Inc. now owns 33,240 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 2,385 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Uranium Energy stock opened at $6.63 on Wednesday. The stock’s 50 day moving average price is $5.58 and its 200 day moving average price is $6.51. The firm has a market capitalization of $2.95 billion, a PE ratio of -39.00 and a beta of 1.39. Uranium Energy has a one year low of $3.85 and a one year high of $8.93.

Analyst Upgrades and Downgrades

Several research firms have commented on UEC. BMO Capital Markets began coverage on Uranium Energy in a report on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price target for the company. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Uranium Energy presently has an average rating of “Buy” and an average target price of $10.13.

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.