Uranium Energy Corp. $UEC Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 47.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,146 shares of the basic materials company’s stock after selling 50,780 shares during the quarter. Legato Capital Management LLC’s holdings in Uranium Energy were worth $749,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its stake in Uranium Energy by 3.1% in the 3rd quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 750 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Uranium Energy by 31.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after buying an additional 1,100 shares in the last quarter. Ascent Wealth Partners LLC raised its position in shares of Uranium Energy by 8.3% in the third quarter. Ascent Wealth Partners LLC now owns 17,336 shares of the basic materials company’s stock valued at $231,000 after buying an additional 1,334 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Uranium Energy by 4.2% in the second quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company’s stock worth $296,000 after buying an additional 1,742 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Uranium Energy by 13.7% in the second quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company’s stock worth $106,000 after buying an additional 1,878 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UEC shares. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Roth Mkm restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. National Bank Financial increased their price target on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.66.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $14.56 on Wednesday. The company has a market capitalization of $7.04 billion, a P/E ratio of -121.33 and a beta of 1.21. The company has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $13.79. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34.

Uranium Energy 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.