BNP Paribas Financial Markets Decreases Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP Paribas Financial Markets lessened its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 31.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,843 shares of the basic materials company's stock after selling 92,980 shares during the quarter. BNP Paribas Financial Markets owned 0.05% of Uranium Energy worth $1,284,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Uranium Energy in the 3rd quarter valued at about $12,643,000. Van ECK Associates Corp boosted its stake in shares of 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 valued at $30,783,000 after purchasing an additional 2,171,468 shares during the period. Intech Investment Management LLC acquired a new position in shares of Uranium Energy in the third quarter valued at approximately $600,000. The Manufacturers Life Insurance Company increased its stake in Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company's stock worth $11,310,000 after buying an additional 1,597,108 shares during the period. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in Uranium Energy during the 3rd quarter worth approximately $501,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UEC has been the subject of a number of recent research reports. Roth Mkm reiterated a "buy" rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright increased their target price on Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday.

Uranium Energy Stock Up 1.3 %

Uranium Energy stock traded up $0.11 during midday trading on Tuesday, reaching $8.12. 7,789,341 shares of the company were exchanged, compared to its average volume of 7,644,098. The company's 50-day moving average is $6.54. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.93. The firm has a market capitalization of $3.43 billion, a P/E ratio of -67.63 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. On average, sell-side analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

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.