Uranium Energy Corp. (UEC) loses confidence of 15 hedge fund managers

Uranium Energy Corp. (NYSE:UEC) is on recovery track with 43.75% gain from a 1-year low price of $0.96. The company added 8.66% to attain the price of $1.38 on 02/13/2018. Throughout the recent session, the prices were hovering between $1.28 and $1.4. These shares are 92.03% off its target price of $2.65 and the current market capitalization stands at $220.39M. The recent change has given its price a -16.7% deficit over SMA 50 and -31% deficit over its 52-week high. The stock witnessed -19.77% declines, -2.82% declines and 1.47% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UEC’s volatility during a week at 8.65% and during a month it has been found around 6.48%.

Uranium Energy Corp. (UEC) Top Holders

Institutional investors currently hold around $49 million or 33.1% in UEC stock. Look at its top three institutional owners. Global X Management Co Llc owns $11.86 million in Uranium Energy Corp., which represents roughly 5.38% of the company’s market cap and approximately 24.19% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 8,148,427 shares of the stock are valued at $10.35 million. The third largest holder is Vanguard Group Inc, which currently holds $6.38 million worth of this stock and that ownership represents nearly 2.89% of its market capitalization.

Uranium Energy Corp. 13F Filings

At the end of 12/31/2017 reporting period, 43 institutional holders increased their position in Uranium Energy Corp. (NYSE:UEC) by some 3,018,325 shares, 33 decreased positions by 2,394,091 and 22 held positions by 32,916,539. That puts total institutional holdings at 38,328,955 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 327,411 shares while 15 institutional investors sold out their entire positions totaling 413,814 shares.

Multiple company employees have indulged in significant insider trading. Uranium Energy Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Obara Pat has sold 50,000 shares of Uranium Energy Corp. (UEC) in trading session dated Nov. 02, 2016. These shares are worth $42,500 and were traded at $0.85 each. The SEC filing shows that Obara Pat performed a sale of 5,000 shares. The CHIEF FINANCIAL OFFICER disposed these shares by way of transaction on Oct. 10, 2016. The company’s shares were given away at $0.93 per share worth to an income of some $4,650 on account of Obara Pat.

Uranium Energy Corp. (UEC) Analyst Guide

Several analysts have released their opinion on Uranium Energy Corp. (NYSE:UEC), with 3 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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