Wellington Management Group LLP Makes New $4.51 Million Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wellington Management Group LLP acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 726,611 shares of the basic materials company’s stock, valued at approximately $4,512,000. Wellington Management Group LLP owned about 0.18% of Uranium Energy at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Uranium Energy by 7.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 2,585 shares in the last quarter. HTLF Bank raised its holdings in Uranium Energy by 40.0% during the second quarter. HTLF Bank now owns 63,050 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 18,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Uranium Energy by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 1,810,384 shares of the basic materials company’s stock worth $10,880,000 after acquiring an additional 501,291 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new stake in shares of Uranium Energy during the 2nd quarter valued at approximately $69,000. Finally, Principal Financial Group Inc. increased its position in shares of Uranium Energy by 20.8% in the second quarter. Principal Financial Group Inc. now owns 53,137 shares of the basic materials company’s stock valued at $319,000 after buying an additional 9,133 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 2.7 %

UEC opened at $7.67 on Tuesday. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The company has a fifty day moving average of $6.57. The firm has a market capitalization of $3.24 billion, a PE ratio of -63.88 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Uranium Energy Corp. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UEC shares. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright boosted their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

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.