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

Garnet Equity Capital Holdings Inc. increased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the basic materials company’s stock after purchasing an additional 50,000 shares during the period. Uranium Energy comprises about 0.4% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 17th largest position. Garnet Equity Capital Holdings Inc. owned about 0.05% of Uranium Energy worth $1,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Uranium Energy by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,255,365 shares of the basic materials company’s stock valued at $109,465,000 after purchasing an additional 238,424 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Uranium Energy in the 3rd quarter valued at about $3,980,000. Van ECK Associates Corp lifted its position in shares of Uranium Energy by 18.2% during the third quarter. Van ECK Associates Corp now owns 1,421,202 shares of the basic materials company’s stock worth $7,320,000 after purchasing an additional 219,239 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Uranium Energy by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,888,189 shares of the basic materials company’s stock valued at $14,874,000 after purchasing an additional 99,783 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Uranium Energy by 12.3% in the third quarter. Deutsche Bank AG now owns 181,723 shares of the basic materials company’s stock valued at $936,000 after purchasing an additional 19,900 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UEC. Eight Capital boosted their target price on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. HC Wainwright raised their price target on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment 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 stock has an average rating of “Moderate Buy” and a consensus target price of $8.80.

Insider Buying and Selling

In other news, Director David Kong sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the sale, the director now owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Uranium Energy Trading Up 4.1 %

UEC traded up $0.28 during trading on Thursday, hitting $7.12. The stock had a trading volume of 5,956,984 shares, compared to its average volume of 7,778,826. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -684.00 and a beta of 1.83. The stock has a 50 day simple moving average of $6.38. Uranium Energy Corp. has a one year low of $2.34 and a one year high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. The business had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $16.00 million. As a group, sell-side analysts expect that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

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.