ExodusPoint Capital Management LP Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

ExodusPoint Capital Management LP acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,979 shares of the basic materials company's stock, valued at approximately $448,000.

Other institutional investors have also modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd boosted its stake 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 worth $53,000 after acquiring an additional 1,370 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Uranium Energy by 4.4% in the 3rd 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 period. US Bancorp DE increased its stake in Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock worth $149,000 after purchasing an additional 1,600 shares in the last quarter. Arizona State Retirement System raised its holdings in Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock worth $799,000 after buying an additional 1,692 shares during the period. Finally, Sei Investments Co. lifted its stake in Uranium Energy by 9.7% during the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after buying an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

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Uranium Energy Stock Performance

Shares of UEC traded down $0.14 during mid-day trading on Tuesday, hitting $4.61. The company's stock had a trading volume of 7,509,184 shares, compared to its average volume of 7,657,236. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The stock's 50-day moving average is $5.48 and its two-hundred day moving average is $6.59. The firm has a market capitalization of $1.95 billion, a PE ratio of -38.42 and a beta of 1.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial started 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. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research note on Wednesday, March 12th. Finally, HC Wainwright reissued a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.