Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Holdings Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 12.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,586 shares of the basic materials company’s stock after selling 16,008 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Uranium Energy worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American International Group Inc. lifted its stake in Uranium Energy by 4.3% in the fourth quarter. American International Group Inc. now owns 113,338 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 4,702 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Uranium Energy by 33.9% in the fourth quarter. Principal Financial Group Inc. now owns 25,429 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 6,431 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Uranium Energy by 20.0% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 60,000 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 10,000 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Uranium Energy in the first quarter valued at approximately $30,000. Finally, Bank of New York Mellon Corp lifted its stake in Uranium Energy by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 586,077 shares of the basic materials company’s stock valued at $1,032,000 after acquiring an additional 10,937 shares during the last quarter. 33.00% of the stock is currently owned by hedge funds and other institutional investors.

NYSEAMERICAN:UEC opened at $3.13 on Friday. The firm has a market cap of $728.70 million, a PE ratio of -34.78 and a beta of 2.43. Uranium Energy Corp. has a one year low of $0.82 and a one year high of $3.67. The firm’s fifty day moving average is $1.60.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Monday, March 15th. The basic materials company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). On average, equities research analysts anticipate that Uranium Energy Corp. will post -0.09 earnings per share for the current fiscal year.

In other news, Director David Kong sold 55,000 shares of the company’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $3.21, for a total value of $176,550.00. Following the sale, the director now owns 185,948 shares of the company’s stock, valued at approximately $596,893.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Spencer Abraham sold 71,646 shares of the company’s stock in a transaction dated Monday, May 17th. The stock was sold at an average price of $3.17, for a total transaction of $227,117.82. Following the completion of the sale, the director now directly owns 378,595 shares in the company, valued at approximately $1,200,146.15. The disclosure for this sale can be found here. Insiders sold a total of 151,646 shares of company stock worth $482,918 in the last three months. Insiders own 4.40% of the company’s stock.

A number of research firms have issued reports on UEC. Zacks Investment Research upgraded shares of Uranium Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 26th. HC Wainwright restated a “buy” rating and issued a $5.00 price objective on shares of Uranium Energy in a research note on Thursday, April 15th. Finally, Canaccord Genuity restated a “buy” rating and issued a $3.75 price objective on shares of Uranium Energy in a research note on Thursday, April 8th.

Uranium Energy Company 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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.

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Institutional Ownership by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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