Fmr LLC Has $13.44 Million Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Fmr LLC trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 77.1% in the third quarter, Holdings Channel reports. The institutional investor owned 2,164,607 shares of the basic materials company’s stock after selling 7,279,599 shares during the period. Fmr LLC’s holdings in Uranium Energy were worth $13,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Uranium Energy during the second quarter worth about $26,000. Farther Finance Advisors LLC grew its position in shares of Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy during the 3rd quarter valued at approximately $33,000. Blackhawk Capital Partners LLC. bought a new position in shares of Uranium Energy during the 2nd quarter valued at approximately $69,000. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Uranium Energy during the 3rd quarter valued at approximately $78,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $8.12 on Wednesday. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.93. The firm’s 50 day moving average price is $6.54. The stock has a market capitalization of $3.43 billion, a P/E ratio of -67.63 and a beta of 1.84.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright raised their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday.

About Uranium Energy

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.