Sapient Capital LLC Makes New Investment in Uranium Energy Corp. $UEC

Sapient Capital LLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,881,547 shares of the basic materials company’s stock, valued at approximately $26,081,000. Sapient Capital LLC owned approximately 0.39% of Uranium Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UEC. IFP Advisors Inc boosted its position in shares of Uranium Energy by 732.8% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 3,503 shares during the last quarter. Operose Advisors LLC acquired a new stake in Uranium Energy during the second quarter worth about $34,000. Teza Capital Management LLC purchased a new position in Uranium Energy during the first quarter worth about $49,000. Russell Investments Group Ltd. boosted its holdings in Uranium Energy by 3,198.9% in the 1st quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 11,196 shares during the last quarter. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in Uranium Energy in the 2nd quarter valued at about $68,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UEC. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets reissued a “market perform” rating and set a $14.00 target price (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. National Bankshares upped their price target on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Stifel Nicolaus initiated coverage on Uranium Energy in a report on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. Finally, Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Uranium Energy currently has an average rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $12.21 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -101.75 and a beta of 1.35. The firm has a 50 day simple moving average of $12.83 and a 200-day simple moving average of $11.04. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $17.80.

About Uranium Energy

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.