Farther Finance Advisors LLC Has $136,000 Stock Holdings in Uranium Energy Corp. $UEC

Farther Finance Advisors LLC grew its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 157.3% in the 2nd quarter, Holdings Channel reports. The firm owned 20,073 shares of the basic materials company’s stock after acquiring an additional 12,272 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uranium Energy were worth $136,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. MMCAP International Inc. SPC raised its holdings in Uranium Energy by 8.6% during the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock worth $94,244,000 after purchasing an additional 1,559,173 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock worth $28,350,000 after purchasing an additional 3,235,394 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in Uranium Energy by 255.1% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares during the last quarter. Northern Trust Corp raised its holdings in Uranium Energy by 3.2% during the 1st quarter. Northern Trust Corp now owns 4,156,467 shares of the basic materials company’s stock worth $19,868,000 after purchasing an additional 128,329 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Uranium Energy by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company’s stock worth $16,351,000 after purchasing an additional 11,542 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 5.3%

NYSEAMERICAN UEC opened at $13.68 on Friday. The company has a fifty day simple moving average of $11.10 and a 200 day simple moving average of $7.67. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $15.06. The company has a market cap of $6.36 billion, a P/E ratio of -80.47 and a beta of 1.40.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Canaccord Genuity Group set a $17.50 price objective on shares of Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $14.00 price objective (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Roth Capital lifted their price objective on shares of Uranium Energy from $11.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $13.80.

Insider Transactions at Uranium Energy

In other Uranium Energy news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the transaction, the director directly owned 182,237 shares of the company’s stock, valued at $1,753,119.94. The trade was a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Uranium Energy Company 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.