Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,241 shares of the basic materials company’s stock after selling 5,544 shares during the period. Shell Asset Management Co.’s holdings in Uranium Energy were worth $987,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UEC. Norges Bank purchased a new stake in shares of Uranium Energy during the fourth quarter worth $96,000,000. MMCAP International Inc. SPC lifted its holdings in Uranium Energy by 17.0% in the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the last quarter. Fourth Sail Capital LP bought a new stake in Uranium Energy during the first quarter worth approximately $12,695,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Uranium Energy by 7.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,943,719 shares of the basic materials company’s stock valued at $146,840,000 after purchasing an additional 1,521,140 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Uranium Energy by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock valued at $142,226,000 after purchasing an additional 967,448 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

Uranium Energy Trading Up 4.0 %

Shares of Uranium Energy stock opened at $5.71 on Friday. Uranium Energy Corp. has a twelve month low of $3.21 and a twelve month high of $8.34. The company’s 50-day simple moving average is $6.72.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Research analysts forecast that Uranium Energy Corp. will post 0.03 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.