State of New Jersey Common Pension Fund D Purchases New Position in Uranium Energy Corp. $UEC

State of New Jersey Common Pension Fund D acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 221,108 shares of the basic materials company’s stock, valued at approximately $2,950,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MQS Management LLC purchased a new position in Uranium Energy in the 2nd quarter valued at about $137,000. Norges Bank purchased a new stake in shares of Uranium Energy during the second quarter worth about $105,058,000. Osaic Holdings Inc. lifted its stake in shares of Uranium Energy by 88.4% in the second quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock worth $1,457,000 after acquiring an additional 100,560 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Uranium Energy by 195.0% in the third quarter. Voya Investment Management LLC now owns 1,605,986 shares of the basic materials company’s stock valued at $21,424,000 after purchasing an additional 1,061,566 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in Uranium Energy in the third quarter valued at about $26,081,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

UEC has been the topic of several analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, National Bank Financial upped their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.66.

Uranium Energy Price Performance

Uranium Energy stock opened at $16.25 on Friday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34. The company has a fifty day moving average price of $15.33 and a two-hundred day moving average price of $13.47. The company has a market cap of $7.85 billion, a PE ratio of -135.42 and a beta of 1.22.

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.