124,007 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Bought by Connective Capital Management LLC

Connective Capital Management LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 124,007 shares of the basic materials company’s stock, valued at approximately $837,000. Uranium Energy comprises about 1.3% of Connective Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors also recently made changes to their positions in UEC. CWM LLC grew its position in Uranium Energy by 22.2% during the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 1,776 shares during the period. American International Group Inc. lifted its stake in shares of Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 1,844 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Uranium Energy by 39.7% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 2,923 shares in the last quarter. EntryPoint Capital LLC raised its stake in Uranium Energy by 897.7% during the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,905 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Uranium Energy during the fourth quarter valued at approximately $27,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Up 2.2 %

Shares of Uranium Energy stock traded up $0.12 during midday trading on Tuesday, reaching $5.68. The company had a trading volume of 4,508,052 shares, compared to its average volume of 7,100,390. The firm has a market cap of $2.32 billion, a P/E ratio of -189.33 and a beta of 1.86. The company’s fifty day moving average is $6.72. Uranium Energy Corp. has a 1-year low of $3.34 and a 1-year high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Equities research analysts expect that Uranium Energy Corp. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.90.

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.