MetLife Investment Management LLC Sells 13,036 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

MetLife Investment Management LLC decreased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 213,997 shares of the basic materials company’s stock after selling 13,036 shares during the quarter. MetLife Investment Management LLC’s holdings in Uranium Energy were worth $1,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Uranium Energy during the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC grew its holdings in Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. bought a new stake in Uranium Energy in the third quarter valued at $33,000. BNP Paribas acquired a new position in shares of Uranium Energy during the third quarter valued at about $38,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in shares of Uranium Energy during the second quarter valued at about $69,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UEC. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Price Performance

Shares of UEC opened at $8.52 on Friday. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The business’s 50 day moving average is $6.50. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -141.98 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. On average, analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Uranium Energy Profile

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.