Andrew Hill Investment Advisors Inc. Purchases Shares of 10,000 Uranium Energy Corp. $UEC

by · The Cerbat Gem

Andrew Hill Investment Advisors Inc. acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the basic materials company’s stock, valued at approximately $68,000.

Several other hedge funds also recently modified their holdings of UEC. Victory Capital Management Inc. lifted its position in shares of Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock valued at $28,350,000 after acquiring an additional 3,235,394 shares during the period. Encompass Capital Advisors LLC grew its holdings in Uranium Energy by 255.1% in the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares during the period. MMCAP International Inc. SPC increased its stake in Uranium Energy by 8.6% in the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock valued at $94,244,000 after purchasing an additional 1,559,173 shares in the last quarter. Titan Global Capital Management USA LLC bought a new stake in Uranium Energy in the first quarter valued at $6,891,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Uranium Energy during the fourth quarter valued at about $9,100,000. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

UEC has been the subject of several research reports. The Goldman Sachs Group upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. Roth Capital raised their price objective on Uranium Energy from $10.50 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. HC Wainwright boosted their price objective on Uranium Energy from $12.25 to $12.75 and gave the company a “buy” rating in a report on Wednesday, August 6th. BMO Capital Markets assumed coverage on Uranium Energy in a research report on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 target price on the stock. Finally, TD Securities lifted their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Uranium Energy presently has a consensus rating of “Buy” and an average target price of $10.97.

View Our Latest Stock Report on Uranium Energy

Insider Buying and Selling at Uranium Energy

In related news, Director David Kong sold 50,800 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the transaction, the director directly owned 182,237 shares in the company, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Uranium Energy Trading Down 0.8%

Shares of Uranium Energy stock opened at $12.24 on Thursday. The company has a market capitalization of $5.44 billion, a P/E ratio of -72.00 and a beta of 1.42. The stock has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $7.03. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $13.25.

Uranium Energy Profile

(Free Report)

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.

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