De Lisle Partners LLP Reduces Stock Position in Uranium Energy Corp. $UEC

De Lisle Partners LLP lowered its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,783 shares of the basic materials company’s stock after selling 82,489 shares during the period. De Lisle Partners LLP’s holdings in Uranium Energy were worth $2,439,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UEC. Independent Wealth Network Inc. increased its stake in shares of Uranium Energy by 2.0% in the 4th quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 597 shares in the last quarter. Clear Creek Financial Management LLC increased its stake in shares of Uranium Energy by 2.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 655 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Uranium Energy by 5.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 778 shares in the last quarter. Heritage Family Offices LLP increased its stake in shares of Uranium Energy by 5.2% in the 4th quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 785 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Uranium Energy by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UEC. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Tuesday. TD Securities cut their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday. Finally, Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research report on Wednesday, March 11th. One 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Stock Performance

Shares of UEC stock opened at $11.03 on Friday. Uranium Energy Corp. has a one year low of $5.90 and a one year high of $20.34. The company’s 50-day moving average is $13.84 and its 200 day moving average is $14.28. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -91.92 and a beta of 1.12.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. As a group, research analysts predict that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Uranium Energy Company 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.