Investors Buy Large Volume of Uranium Energy Put Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading on Tuesday. Stock traders acquired 21,690 put options on the stock. This represents an increase of 704% compared to the typical daily volume of 2,699 put options.

Analyst Upgrades and Downgrades

Several research firms have commented on UEC. TD Securities started coverage on Uranium Energy in a report on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 target price on the stock. TD Cowen started coverage on Uranium Energy in a research note on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 price target for the company. Finally, HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of Uranium Energy in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.63.

Uranium Energy Stock Performance

Shares of UEC stock traded down $0.29 during mid-day trading on Tuesday, hitting $5.07. The company’s stock had a trading volume of 8,824,123 shares, compared to its average volume of 6,482,583. The firm has a market capitalization of $1.91 billion, a PE ratio of 509.51 and a beta of 2.02. Uranium Energy has a 52-week low of $2.30 and a 52-week high of $5.55. The company has a 50-day moving average of $3.20.

Insider Activity at Uranium Energy

In other Uranium Energy news, Director Moya Gloria L. Ballesta sold 50,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $3.21, for a total value of $160,500.00. Following the sale, the director now directly owns 76,730 shares of the company’s stock, valued at $246,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Uranium Energy

A number of hedge funds have recently bought and sold shares of UEC. JPMorgan Chase & Co. increased its position in Uranium Energy by 24.8% during the first quarter. JPMorgan Chase & Co. now owns 208,719 shares of the basic materials company’s stock valued at $958,000 after acquiring an additional 41,471 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Uranium Energy during the first quarter valued at about $47,000. Bank of New York Mellon Corp grew its holdings in Uranium Energy by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 800,581 shares of the basic materials company’s stock valued at $3,675,000 after purchasing an additional 50,810 shares during the period. HighTower Advisors LLC grew its holdings in Uranium Energy by 25.6% during the first quarter. HighTower Advisors LLC now owns 218,733 shares of the basic materials company’s stock valued at $1,005,000 after purchasing an additional 44,536 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Uranium Energy by 38.3% during the first quarter. MetLife Investment Management LLC now owns 122,621 shares of the basic materials company’s stock valued at $563,000 after purchasing an additional 33,941 shares during the period. Hedge funds and other institutional investors own 49.03% of the company’s stock.

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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.