Geode Capital Management LLC Grows Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Geode Capital Management LLC lifted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,083,449 shares of the basic materials company's stock after acquiring an additional 159,921 shares during the quarter. Geode Capital Management LLC owned 2.21% of Uranium Energy worth $56,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new position in Uranium Energy during the second quarter valued at $26,000. Farther Finance Advisors LLC lifted its position in shares of Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after buying an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy during the 3rd quarter worth $33,000. BNP Paribas purchased a new stake in Uranium Energy in the 3rd quarter worth about $38,000. Finally, National Bank of Canada FI raised its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 1,713 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on UEC shares. Roth Mkm restated a "buy" rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright increased their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Monday, December 9th.

Uranium Energy Stock Up 1.7 %

Shares of UEC stock traded up $0.12 during mid-day trading on Monday, reaching $7.20. The stock had a trading volume of 4,216,253 shares, compared to its average volume of 7,637,891. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -60.00 and a beta of 1.84. The company has a 50-day moving average price of $6.59. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Equities analysts forecast that Uranium Energy Corp. will post 0.02 earnings per share for the current year.

About Uranium Energy

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.