Uranium Energy (UEC) Trading Down 5.7%

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price dropped 5.7% on Friday . The company traded as low as $1.33 and last traded at $1.33. Approximately 1,176,227 shares were traded during trading, an increase of 4% from the average daily volume of 1,136,281 shares. The stock had previously closed at $1.41.

Separately, HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Uranium Energy in a research report on Thursday, September 20th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Uranium Energy by 29.9% in the second quarter. Rhumbline Advisers now owns 147,530 shares of the basic materials company’s stock valued at $238,000 after buying an additional 33,921 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Uranium Energy by 24.8% in the second quarter. SG Americas Securities LLC now owns 188,256 shares of the basic materials company’s stock valued at $303,000 after buying an additional 37,372 shares during the last quarter. Northern Trust Corp raised its position in shares of Uranium Energy by 2.8% in the first quarter. Northern Trust Corp now owns 1,501,890 shares of the basic materials company’s stock valued at $1,968,000 after buying an additional 40,663 shares during the last quarter. Bienville Capital Management LLC raised its position in shares of Uranium Energy by 7.8% in the second quarter. Bienville Capital Management LLC now owns 620,417 shares of the basic materials company’s stock valued at $999,000 after buying an additional 45,035 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Uranium Energy by 21.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 331,550 shares of the basic materials company’s stock valued at $534,000 after buying an additional 57,500 shares during the last quarter.

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About Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.

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