Garnet Equity Capital Holdings Inc. Acquires 50,000 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Garnet Equity Capital Holdings Inc. boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,000 shares of the basic materials company’s stock after buying an additional 50,000 shares during the quarter. Uranium Energy accounts for approximately 0.4% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 17th largest position. Garnet Equity Capital Holdings Inc.’s holdings in Uranium Energy were worth $1,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Uranium Energy by 25.0% during the 4th quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 10,163 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Uranium Energy by 7.7% during the fourth quarter. New York State Common Retirement Fund now owns 150,530 shares of the basic materials company’s stock worth $963,000 after purchasing an additional 10,811 shares during the last quarter. CWM LLC lifted its position in shares of Uranium Energy by 22.2% during the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 1,776 shares during the last quarter. HTLF Bank purchased a new stake in shares of Uranium Energy during the fourth quarter valued at $154,000. Finally, Strs Ohio bought a new position in shares of Uranium Energy in the fourth quarter worth about $197,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UEC shares. HC Wainwright boosted their price objective on shares of Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eight Capital boosted their price target on Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.80.

Insider Activity at Uranium Energy

In related news, Director David Kong sold 26,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the transaction, the director now directly owns 154,085 shares in the company, valued at approximately $1,049,318.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by company insiders.

Uranium Energy Trading Up 4.1 %

UEC stock traded up $0.28 during midday trading on Thursday, reaching $7.12. The stock had a trading volume of 5,956,984 shares, compared to its average volume of 7,778,826. Uranium Energy Corp. has a 52-week low of $2.34 and a 52-week high of $8.34. The firm has a market cap of $2.88 billion, a PE ratio of -684.00 and a beta of 1.83. The firm has a fifty day simple moving average of $6.38.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The business had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. As a group, research analysts forecast that Uranium Energy Corp. will post 0.08 EPS 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.