Uranium Energy Corp. $UEC Shares Newly Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,522,159 shares of the basic materials company’s stock, valued at approximately $23,834,000. William Blair Investment Management LLC owned 0.51% of Uranium Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its position in Uranium Energy by 264.0% in the third quarter. Allworth Financial LP now owns 6,953 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 5,043 shares during the period. Fulcrum Asset Management LLP grew its holdings in shares of Uranium Energy by 205.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 135,154 shares of the basic materials company’s stock worth $1,256,000 after purchasing an additional 90,845 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Uranium Energy by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,372 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 1,518 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Uranium Energy by 68.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 134,611 shares of the basic materials company’s stock worth $1,272,000 after purchasing an additional 54,495 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in Uranium Energy by 14.4% in the 3rd quarter. Alps Advisors Inc. now owns 11,242,054 shares of the basic materials company’s stock valued at $106,237,000 after buying an additional 1,412,725 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Down 2.1%

NYSEAMERICAN UEC traded down $0.14 during trading on Friday, hitting $6.66. The stock had a trading volume of 8,607,821 shares, compared to its average volume of 9,886,902. The company has a market capitalization of $3.30 billion, a PE ratio of -23.78 and a beta of 1.36. The firm has a 50 day moving average price of $8.80 and a 200 day moving average price of $11.99. Uranium Energy Corp. has a twelve month low of $6.11 and a twelve month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $17.05 million for the quarter, compared to analysts’ expectations of $9.00 million. On average, sell-side analysts anticipate that Uranium Energy Corp. will post -0.20 earnings per share for the current year.

Analyst Upgrades and Downgrades

UEC has been the subject of several research analyst reports. National Bank Financial lowered their target price on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada began coverage on shares of Uranium Energy in a report on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective for the company. Zacks Research downgraded shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Finally, HC Wainwright reissued a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on supplying uranium for nuclear power generation. Its activities include developing and operating in-situ recovery projects, a mining method that dissolves uranium underground and pumps it to the surface for processing. The company’s principal product is uranium concentrate. The company’s U.S. projects and processing facilities are located primarily in Wyoming and South Texas. It also holds uranium exploration and development interests in Canada, including projects in the Athabasca Basin.