Y Intercept Hong Kong Ltd Sells 442,804 Shares of Uranium Energy Corp. $UEC

Y Intercept Hong Kong Ltd cut its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 83.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,800 shares of the basic materials company’s stock after selling 442,804 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Uranium Energy were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in Uranium Energy by 159.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,900 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Uranium Energy during the 4th quarter worth approximately $39,000. PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy in the 4th quarter worth approximately $39,000. Strategic Advocates LLC bought a new position in shares of Uranium Energy in the 3rd quarter worth approximately $40,000. Finally, EFG International AG bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 3.6%

UEC stock traded up $0.37 during midday trading on Friday, hitting $10.53. The company’s stock had a trading volume of 5,894,695 shares, compared to its average volume of 9,251,559. Uranium Energy Corp. has a 12 month low of $6.07 and a 12 month high of $20.34. The firm’s 50-day moving average is $12.52 and its 200-day moving average is $14.04. The company has a market cap of $5.21 billion, a PE ratio of -87.75 and a beta of 1.18.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). Analysts expect that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

UEC has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research note 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 note on Tuesday, June 9th. One research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

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.