Pat Obara Sells 16,038 Shares of Uranium Energy (UEC) Stock

Uranium Energy (NYSEAMERICAN:UEC) CFO Pat Obara sold 16,038 shares of Uranium Energy stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $1.37, for a total transaction of $21,972.06. Following the completion of the sale, the chief financial officer now owns 356,038 shares of the company’s stock, valued at approximately $487,772.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Uranium Energy stock opened at $1.39 on Monday. Uranium Energy has a twelve month low of $0.96 and a twelve month high of $2.00.

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A number of institutional investors have recently modified their holdings of UEC. MetLife Investment Advisors LLC bought a new position in Uranium Energy in the 4th quarter valued at about $126,000. Quad Capital Management Advisors LLC bought a new position in Uranium Energy in the 4th quarter valued at about $147,000. 1492 Capital Management LLC bought a new position in Uranium Energy in the 4th quarter valued at about $728,000. Deutsche Bank AG increased its holdings in Uranium Energy by 122.5% in the 4th quarter. Deutsche Bank AG now owns 300,955 shares of the basic materials company’s stock valued at $532,000 after buying an additional 165,723 shares during the period. Finally, MYDA Advisors LLC bought a new position in Uranium Energy in the 4th quarter valued at about $623,000.

UEC has been the subject of several analyst reports. HC Wainwright set a $4.00 price objective on shares of Uranium Energy and gave the stock a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.83.

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Uranium Energy Company Profile

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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