41,598 Shares in Uranium Energy Corp. $UEC Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, HoldingsChannel reports. The firm purchased 41,598 shares of the basic materials company’s stock, valued at approximately $486,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in Uranium Energy during the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC raised its stake in 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 worth $36,000 after buying an additional 1,900 shares during the period. Strategic Advocates LLC acquired a new position in Uranium Energy during the 3rd quarter worth approximately $40,000. N.E.W. Advisory Services LLC acquired a new position in Uranium Energy during the 4th quarter worth approximately $53,000. Finally, Allworth Financial LP raised its stake in Uranium Energy by 177.6% during the 4th quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock worth $55,000 after buying an additional 3,016 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on UEC. Roth Mkm set a $17.00 price target on Uranium Energy in a research note on Wednesday, March 11th. TD Securities lowered their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, HC Wainwright reissued a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, May 20th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.66.

Uranium Energy Stock Up 1.6%

Shares of Uranium Energy stock opened at $13.77 on Friday. The company has a market cap of $6.75 billion, a PE ratio of -114.75 and a beta of 1.17. Uranium Energy Corp. has a 52 week low of $5.63 and a 52 week high of $20.34. The business has a 50 day moving average price of $13.96 and a 200-day moving average price of $14.23.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. As a group, research analysts anticipate that Uranium Energy Corp. will post -0.12 EPS for the current year.

Uranium Energy Profile

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.