Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 63.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,900 shares of the basic materials company’s stock after selling 22,500 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Uranium Energy were worth $78,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UEC. EntryPoint Capital LLC lifted its position in Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,905 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Uranium Energy during the fourth quarter worth $64,000. Parallel Advisors LLC grew its position in Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after buying an additional 2,923 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Uranium Energy in the 1st quarter valued at $68,000. Finally, Blackhawk Capital Partners LLC. purchased a new position in Uranium Energy during the 2nd quarter worth $69,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $4.64 on Wednesday. The stock has a 50 day moving average price of $6.58. The stock has a market cap of $1.90 billion, a PE ratio of -154.67 and a beta of 1.84. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.34.

Insider Activity

In related news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amir Adnani bought 60,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research report on Wednesday, August 14th. Roth Mkm reissued a “buy” rating and set a $9.00 target price on shares of Uranium Energy in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus target price of $9.35.

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.