Encompass Capital Advisors LLC Has $28.40 Million Holdings in Uranium Energy Corp. $UEC

Encompass Capital Advisors LLC cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,176,444 shares of the basic materials company’s stock after selling 46,994 shares during the period. Encompass Capital Advisors LLC owned approximately 0.94% of Uranium Energy worth $28,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new stake in Uranium Energy in the 2nd quarter valued at approximately $11,192,000. Ameriprise Financial Inc. boosted its stake in Uranium Energy by 10.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,379,554 shares of the basic materials company’s stock valued at $50,181,000 after purchasing an additional 722,458 shares during the period. BW Gestao de Investimentos Ltda. acquired a new stake in Uranium Energy in the 2nd quarter worth about $680,000. California State Teachers Retirement System grew its holdings in shares of Uranium Energy by 1.3% during the 2nd quarter. California State Teachers Retirement System now owns 425,504 shares of the basic materials company’s stock worth $2,893,000 after purchasing an additional 5,502 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Uranium Energy by 11.0% during the second quarter. Raymond James Financial Inc. now owns 160,732 shares of the basic materials company’s stock worth $1,093,000 after buying an additional 15,939 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 8.7%

Shares of NYSEAMERICAN UEC opened at $12.92 on Friday. The firm has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $10.59. The firm has a market capitalization of $6.25 billion, a PE ratio of -107.67 and a beta of 1.35. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $17.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UEC shares. Stifel Nicolaus started coverage on shares of Uranium Energy in a report on Monday, October 6th. They issued a “buy” rating and a $10.50 target price for the company. TD Securities lifted their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Roth Capital reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $14.19.

Uranium Energy Profile

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.