BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,035,849 shares of the basic materials company’s stock, valued at approximately $12,643,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew 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 valued at $153,640,000 after buying an additional 538,703 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of 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 valued at $54,979,000 after acquiring an additional 90,522 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $35,786,000 after acquiring an additional 947,773 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Uranium Energy by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company’s stock worth $22,071,000 after purchasing an additional 42,904 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 0.7 %

Shares of NYSEAMERICAN:UEC opened at $8.46 on Friday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -140.98 and a beta of 1.82. The stock has a 50-day simple moving average of $6.44. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.67.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, equities analysts predict that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. This represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,393,536.60. This represents a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.