Ausbil Investment Management Ltd Sells 33,000 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Ausbil Investment Management Ltd trimmed its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 25.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,000 shares of the basic materials company’s stock after selling 33,000 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Uranium Energy were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. MMCAP International Inc. SPC grew its stake in shares of Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $153,640,000 after buying an additional 538,703 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after purchasing an additional 90,522 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Uranium Energy by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after buying an additional 947,773 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Uranium Energy by 33.8% during the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after acquiring an additional 886,445 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UEC shares. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm reiterated a “buy” rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research note on Wednesday.

Insider Transactions at Uranium Energy

In other news, CEO Amir Adnani bought 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amir Adnani bought 60,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Uranium Energy Stock Up 0.4 %

UEC stock traded up $0.03 during mid-day trading on Thursday, reaching $7.80. 2,207,920 shares of the stock traded hands, compared to its average volume of 7,544,288. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.67. The company has a 50-day simple moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. As a group, equities research analysts expect that Uranium Energy Corp. will post 0.09 EPS for the current year.

Uranium Energy Profile

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.