Harbor Capital Advisors Inc. Buys New Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Harbor Capital Advisors Inc. acquired a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 169,159 shares of the basic materials company's stock, valued at approximately $1,132,000.

Several other large investors also recently added to or reduced their stakes in UEC. Van ECK Associates Corp grew its position in 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 worth $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Uranium Energy during the third quarter worth about $12,643,000. Segra Capital Management LLC boosted its holdings in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company's stock worth $24,926,000 after purchasing an additional 1,806,529 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 valued at $11,310,000 after purchasing an additional 1,597,108 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Uranium Energy by 961.2% in the 2nd quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company's stock worth $8,414,000 after buying an additional 1,268,141 shares during the last quarter. Institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Up 0.4 %

NYSEAMERICAN:UEC traded up $0.03 during mid-day trading on Monday, hitting $7.06. 1,466,066 shares of the stock traded hands, compared to its average volume of 7,092,506. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The stock has a 50 day moving average price of $6.63. The stock has a market cap of $2.99 billion, a PE ratio of -58.83 and a beta of 1.84.

Analysts Set New Price Targets

A number of analysts recently commented on UEC shares. Roth Mkm reaffirmed 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 raised their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a research report on Monday, December 9th.

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.