Cinctive Capital Management LP Acquires Shares of 200,671 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Cinctive Capital Management LP bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 200,671 shares of the basic materials company's stock, valued at approximately $1,342,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after acquiring an additional 182,016 shares during the period. Van ECK Associates Corp lifted its stake in Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock valued at $44,174,000 after acquiring an additional 1,645,919 shares during the period. Barclays PLC boosted its holdings in shares of Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock valued at $4,329,000 after acquiring an additional 556,081 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Uranium Energy in the fourth quarter worth $323,000. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Uranium Energy by 113.6% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock worth $1,184,000 after purchasing an additional 91,665 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

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Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC traded up $0.42 during mid-day trading on Wednesday, reaching $4.42. 13,010,667 shares of the company were exchanged, compared to its average volume of 7,645,744. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The firm's 50-day simple moving average is $5.68 and its 200 day simple moving average is $6.64. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -36.83 and a beta of 1.88.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UEC shares. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective for the company. HC Wainwright restated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Stifel Canada raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $10.60.

Uranium Energy 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.