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

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of unusually large options trading on Tuesday. Traders acquired 28,475 put options on the stock. This represents an increase of 145% compared to the typical volume of 11,641 put options.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UEC. HC Wainwright upped their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Roth Mkm restated a “buy” rating and issued a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Price Performance

Uranium Energy stock remained flat at $6.39 during mid-day trading on Tuesday. The company’s stock had a trading volume of 8,383,279 shares, compared to its average volume of 7,009,479. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.93. The company has a fifty day moving average of $6.64. The company has a market cap of $2.70 billion, a P/E ratio of -53.25 and a beta of 1.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEC. Harbour Investments Inc. raised its position in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC raised its holdings in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in Uranium Energy during the 4th quarter worth about $30,000. Farther Finance Advisors LLC lifted its position in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,720 shares during the period. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.