KLP Kapitalforvaltning AS Acquires Shares of 84,200 Uranium Energy Corp. (NYSEAMERICAN:UEC)

KLP Kapitalforvaltning AS bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 84,200 shares of the basic materials company's stock, valued at approximately $563,000.

Several other large investors have also recently modified their holdings of UEC. Segra Capital Management LLC grew its holdings in Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company's stock valued at $24,926,000 after purchasing an additional 1,806,529 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Uranium Energy by 33.2% in 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 last quarter. American Century Companies Inc. grew its stake in shares of Uranium Energy by 194.6% during the 4th quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock worth $7,649,000 after purchasing an additional 755,285 shares during the period. Wellington Management Group LLP acquired a new position in shares of Uranium Energy during the 3rd quarter worth approximately $4,512,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Uranium Energy in the fourth quarter valued at approximately $3,947,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Trading Down 2.8 %

Shares of UEC traded down $0.12 during mid-day trading on Monday, hitting $4.10. 15,403,654 shares of the company traded hands, compared to its average volume of 7,601,230. The business has a 50-day moving average of $5.97 and a 200 day moving average of $6.69. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -34.17 and a beta of 1.88. Uranium Energy Corp. has a one year low of $3.89 and a one year high of $8.93.

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Wall Street Analyst Weigh In

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