110,960 Shares in Uranium Energy Corp. $UEC Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the second quarter, Holdings Channel reports. The fund bought 110,960 shares of the basic materials company’s stock, valued at approximately $1,183,000.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of 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 valued at $1,064,000 after acquiring an additional 80,464 shares in the last quarter. Caxton Associates LLP bought a new stake in Uranium Energy during the first quarter worth approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Uranium Energy by 44.9% during 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 purchasing an additional 423,994 shares in the last quarter. Focus Partners Wealth lifted its position in Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 19,407 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Uranium Energy by 24.2% during the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 15,744 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright restated a “buy” rating on shares of Uranium Energy in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $12.24 on Tuesday. The company’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $12.80. Uranium Energy Corp. has a 12 month low of $8.90 and a 12 month high of $20.34. The company has a market capitalization of $6.06 billion, a P/E ratio of -102.00 and a beta of 1.22.

Uranium Energy (NYSEAMERICAN:UEC) last issued 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). On average, analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

About Uranium Energy

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.