Victory Capital Management Inc. Purchases 42,904 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Victory Capital Management Inc. boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,554,149 shares of the basic materials company’s stock after buying an additional 42,904 shares during the period. Victory Capital Management Inc. owned approximately 0.86% of Uranium Energy worth $22,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UEC. Van ECK Associates Corp boosted its stake in Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after buying an additional 2,171,468 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in Uranium Energy during the first quarter valued at approximately $10,396,000. American Century Companies Inc. raised its position in Uranium Energy by 961.2% during the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares during the period. Murchinson Ltd. purchased a new stake in Uranium Energy during the first quarter valued at approximately $6,750,000. Finally, Dimensional Fund Advisors LP raised its position in Uranium Energy by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after purchasing an additional 947,773 shares during the period. 62.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Uranium Energy

In other news, EVP Scott Melbye bought 9,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amir Adnani purchased 60,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UEC shares. Roth Mkm restated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $8.30 on Tuesday. The business has a 50 day simple moving average of $6.44. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67. The stock has a market capitalization of $3.41 billion, a P/E ratio of -138.23 and a beta of 1.82.

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