816,628 Shares in Uranium Energy Corp. $UEC Acquired by Man Group plc

Man Group plc acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the second quarter, Holdings Channel.com reports. The fund acquired 816,628 shares of the basic materials company’s stock, valued at approximately $8,705,000.

Several other institutional investors have also added to or reduced their stakes in UEC. Caitong International Asset Management Co. Ltd bought a new stake in Uranium Energy during the fourth quarter worth $39,000. PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy in the 4th quarter valued at $39,000. EFG International AG bought a new position in shares of Uranium Energy in the 2nd quarter valued at $43,000. Longview Financial Advisors Inc. acquired a new position in shares of Uranium Energy during the 1st quarter worth $52,000. Finally, Allworth Financial LP raised its holdings in shares of Uranium Energy by 177.6% during the 4th quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock worth $55,000 after buying an additional 3,016 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UEC has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Tuesday, June 9th. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.41.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $12.40 on Friday. The company has a market cap of $6.14 billion, a price-to-earnings ratio of -103.33 and a beta of 1.22. The firm has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $12.85. Uranium Energy Corp. has a one year low of $8.90 and a one year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, analysts expect that Uranium Energy Corp. will post -0.15 EPS for the current year.

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.