Uranium Energy Corp. $UEC Holdings Lowered by MMCAP International Inc. SPC

MMCAP International Inc. SPC trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 86.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,091,198 shares of the basic materials company’s stock after selling 13,691,772 shares during the quarter. Uranium Energy accounts for about 3.2% of MMCAP International Inc. SPC’s holdings, making the stock its 5th biggest holding. MMCAP International Inc. SPC’s holdings in Uranium Energy were worth $27,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Uranium Energy by 56.6% in the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock worth $1,064,000 after purchasing an additional 80,464 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Uranium Energy during the first quarter valued at about $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Uranium Energy by 44.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after buying an additional 423,994 shares during the period. Focus Partners Wealth lifted its stake in shares of Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 19,407 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Uranium Energy by 36.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,862 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 3,730 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $16.25 on Monday. The stock has a market cap of $7.85 billion, a P/E ratio of -135.42 and a beta of 1.21. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $20.34. The stock has a 50 day simple moving average of $15.33 and a two-hundred day simple moving average of $13.52.

Analysts Set New Price Targets

A number of brokerages have commented on UEC. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of Uranium Energy in a research note on Wednesday, February 4th. National Bank Financial raised their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.66.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.