Freedom Investment Management Inc. Raises Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Freedom Investment Management Inc. boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 18.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,194 shares of the basic materials company’s stock after acquiring an additional 16,409 shares during the quarter. Freedom Investment Management Inc.’s holdings in Uranium Energy were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UEC. Vontobel Holding Ltd. raised its stake in shares of Uranium Energy by 3.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 1,461 shares during the period. Choreo LLC boosted its stake in shares of Uranium Energy by 11.0% in the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 2,420 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Uranium Energy by 7.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after buying an additional 2,585 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in Uranium Energy by 4.1% in the third quarter. Confluence Investment Management LLC now owns 82,252 shares of the basic materials company’s stock valued at $511,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors grew its position in shares of Uranium Energy by 40.0% during the second quarter. Vanguard Capital Wealth Advisors now owns 14,000 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

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

Uranium Energy Stock Performance

UEC opened at $8.09 on Friday. The firm 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 $8.77.

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

Insiders Place Their Bets

In related news, CEO Amir Adnani acquired 60,000 shares of Uranium Energy 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 purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. The trade was a 1.43 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares of the company’s stock, 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 currently owned by insiders.

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.