Dimensional Fund Advisors LP Grows Stock Holdings in Uranium Energy Corp. $UEC

Dimensional Fund Advisors LP raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 3.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,642,038 shares of the basic materials company’s stock after purchasing an additional 170,510 shares during the period. Dimensional Fund Advisors LP’s holdings in Uranium Energy were worth $76,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in shares of Uranium Energy by 159.1% during 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Uranium Energy in the 4th quarter worth approximately $39,000. PenderFund Capital Management Ltd. bought a new stake in Uranium Energy in the 4th quarter worth approximately $39,000. EFG International AG purchased a new stake in Uranium Energy in the fourth quarter worth approximately $47,000. Finally, Longview Financial Advisors Inc. purchased a new stake in Uranium Energy in the first quarter worth approximately $52,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 1.4%

Shares of NYSEAMERICAN:UEC opened at $9.60 on Friday. The stock has a market capitalization of $4.75 billion, a P/E ratio of -80.00 and a beta of 1.18. The stock’s 50-day moving average price is $11.10 and its 200-day moving average price is $13.69. Uranium Energy Corp. has a 12-month low of $7.80 and a 12-month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, research analysts predict that Uranium Energy Corp. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UEC shares. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright restated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

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.