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

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of some unusual options trading on Friday. Investors purchased 19,376 call options on the stock. This represents an increase of approximately 139% compared to the typical volume of 8,099 call options.

Insider Activity

In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. The trade was a 1.43 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott Melbye acquired 9,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Uranium Energy

Several large investors have recently bought and sold shares of UEC. Van ECK Associates Corp raised its position in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new stake in shares of Uranium Energy in the 3rd quarter worth approximately $501,000. ProShare Advisors LLC lifted its stake in Uranium Energy by 10.6% during the first quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock valued at $468,000 after purchasing an additional 6,643 shares during the last quarter. Riverwater Partners LLC bought a new stake in Uranium Energy during the third quarter worth approximately $2,341,000. Finally, Grimes & Company Inc. acquired a new position in Uranium Energy in the third quarter worth approximately $394,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UEC. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Stock Performance

Shares of Uranium Energy stock traded up $0.30 during trading hours on Friday, hitting $7.66. 11,539,584 shares of the company’s stock traded hands, compared to its average volume of 7,551,641. The stock has a market cap of $3.15 billion, a P/E ratio of -131.81 and a beta of 1.82. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.67. The stock has a 50 day moving average of $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Uranium Energy will post 0.09 EPS for the current fiscal year.

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; 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.