Emerald Advisers LLC Buys New Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Advisers LLC acquired a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,661,299 shares of the basic materials company's stock, valued at approximately $11,114,000. Emerald Advisers LLC owned approximately 0.39% of Uranium Energy at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 1,370 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Uranium Energy by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company's stock valued at $228,000 after purchasing an additional 1,560 shares during the last quarter. US Bancorp DE grew its stake in Uranium Energy by 7.7% in the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock valued at $149,000 after purchasing an additional 1,600 shares in the last quarter. Arizona State Retirement System increased its position in Uranium Energy by 1.4% in the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock worth $799,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,710 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC traded down $0.17 during trading hours on Thursday, hitting $5.11. 5,234,112 shares of the stock were exchanged, compared to its average volume of 7,444,519. The firm has a market capitalization of $2.16 billion, a P/E ratio of -42.58 and a beta of 1.88. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The company's 50 day moving average is $6.31 and its 200 day moving average is $6.79.

Analyst Ratings Changes

UEC has been the subject of several recent research reports. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. National Bank Financial began coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price for the company. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.