SG Americas Securities LLC Has $7.48 Million Position in Uranium Energy Corp. $UEC

SG Americas Securities LLC lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,487 shares of the basic materials company’s stock after selling 114,660 shares during the quarter. SG Americas Securities LLC’s holdings in Uranium Energy were worth $7,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in Uranium Energy by 732.8% in the second 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 period. Operose Advisors LLC bought a new position in Uranium Energy during the second quarter worth about $34,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Uranium Energy during the second quarter valued at approximately $68,000. Semus Wealth Partners LLC bought a new stake in shares of Uranium Energy in the 2nd quarter valued at approximately $68,000. Finally, Brookwood Investment Group LLC bought a new stake in shares of Uranium Energy in the 2nd quarter valued at approximately $85,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Performance

Uranium Energy stock opened at $14.76 on Friday. The business’s fifty day moving average is $12.60 and its two-hundred day moving average is $11.48. The firm has a market cap of $7.13 billion, a P/E ratio of -123.00 and a beta of 1.23. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $17.80.

Wall Street Analysts Forecast Growth

UEC has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 target price (up previously from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. Finally, Stifel Nicolaus initiated coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Uranium Energy presently has an average rating of “Buy” and an average price target of $14.92.

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.