Lifeworks Advisors LLC Invests $85,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lifeworks Advisors LLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, Holdings Channel.com reports. The fund bought 13,680 shares of the basic materials company’s stock, valued at approximately $85,000.

Other hedge funds also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Uranium Energy during the second quarter worth $26,000. EntryPoint Capital LLC increased its holdings 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 purchasing an additional 3,905 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. bought a new stake in shares of Uranium Energy in the third quarter valued at about $33,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in shares of Uranium Energy during the second quarter worth about $69,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Melbye acquired 9,500 shares of the business’s 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 of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UEC shares. Roth Mkm reissued a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report 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 note on Tuesday, September 24th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $7.43 on Friday. The firm has a 50-day moving average of $6.44. The company has a market cap of $3.06 billion, a PE ratio of -123.81 and a beta of 1.82. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67.

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. On average, sell-side analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal 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.