Uranium Energy Target of Unusually Large Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw unusually large options trading on Friday. Stock investors purchased 19,376 call options on the company. This represents an increase of 139% compared to the average daily volume of 8,099 call options.

Analyst Ratings Changes

A number of research firms have issued reports on UEC. Roth Mkm restated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, September 24th.

Insider Transactions at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The trade was a 1.43 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Uranium Energy by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after acquiring an additional 538,703 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after purchasing an additional 90,522 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Uranium Energy by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after purchasing an additional 947,773 shares during the last quarter. Van ECK Associates Corp grew its position in Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after purchasing an additional 2,171,468 shares in the last quarter. Finally, Segra Capital Management LLC increased its stake in Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after buying an additional 1,806,529 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Up 1.0 %

Shares of Uranium Energy stock opened at $7.43 on Friday. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.67. The firm has a 50 day moving average price of $6.44. The firm has a market capitalization of $3.06 billion, a PE ratio of -123.81 and a beta of 1.82.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. As a group, analysts expect that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.