Uranium Energy Corp. $UEC Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 20.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 560,574 shares of the basic materials company’s stock after acquiring an additional 95,897 shares during the period. California State Teachers Retirement System’s holdings in Uranium Energy were worth $7,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Uranium Energy by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after purchasing an additional 7,013,279 shares during the last quarter. Vanguard Group Inc. lifted its position in Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after purchasing an additional 11,521,597 shares during the period. State Street Corp boosted its stake in Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after buying an additional 2,000,516 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Uranium Energy by 25.3% during the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after purchasing an additional 3,969,046 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Uranium Energy by 16.3% during the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock worth $203,959,000 after buying an additional 2,453,744 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Trading Up 5.3%

UEC opened at $10.50 on Wednesday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of -87.50 and a beta of 1.22. The stock has a fifty day moving average price of $10.98 and a 200 day moving average price of $13.59. Uranium Energy Corp. has a 1 year low of $8.90 and a 1 year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, sell-side analysts forecast 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.