Sapient Capital LLC Sells 868,314 Shares of Uranium Energy Corp. $UEC

Sapient Capital LLC trimmed its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 46.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 993,319 shares of the basic materials company’s stock after selling 868,314 shares during the period. Sapient Capital LLC’s holdings in Uranium Energy were worth $13,401,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UEC. Independent Wealth Network Inc. grew its stake in Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 597 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in shares of Uranium Energy by 2.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock valued at $338,000 after buying an additional 655 shares during the last quarter. Balboa Wealth Partners lifted its position in shares of Uranium Energy by 2.9% during the first quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock valued at $376,000 after buying an additional 775 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Uranium Energy by 5.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock valued at $184,000 after buying an additional 778 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Uranium Energy by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock worth $687,000 after buying an additional 809 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on UEC. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. One investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $9.60 on Monday. Uranium Energy Corp. has a fifty-two week low of $7.80 and a fifty-two week high of $20.34. The company has a market cap of $4.75 billion, a PE ratio of -80.00 and a beta of 1.22. The business has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $13.68.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). On average, sell-side analysts predict that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

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.