Pacer Advisors Inc. purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 187,464 shares of the basic materials company’s stock, valued at approximately $2,190,000.
Other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in Uranium Energy during the third quarter worth $33,000. Sound Income Strategies LLC boosted its stake in shares of Uranium Energy by 159.1% in the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy in the 3rd quarter valued at $40,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Uranium Energy in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.
Uranium Energy Stock Performance
Shares of NYSEAMERICAN:UEC opened at $14.81 on Friday. Uranium Energy Corp. has a 52 week low of $5.03 and a 52 week high of $20.34. The company’s fifty day moving average is $14.10 and its 200-day moving average is $14.30. The company has a market capitalization of $7.26 billion, a PE ratio of -123.42 and a beta of 1.17.
Analyst Ratings Changes
Several brokerages have recently commented on UEC. TD Securities reduced their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research note on Wednesday, March 11th. HC Wainwright boosted their target price on shares of Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.66.
Uranium Energy Company Profile
Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.
The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.
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