Lake Street Private Wealth LLC Purchases Shares of 228,459 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Private Wealth LLC purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 228,459 shares of the basic materials company's stock, valued at approximately $1,528,000. Lake Street Private Wealth LLC owned 0.05% of Uranium Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Uranium Energy in the third quarter valued at $12,643,000. Van ECK Associates Corp boosted its stake in shares of 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 buying an additional 2,171,468 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Uranium Energy during the third quarter worth about $600,000. Barclays PLC raised its position in Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock valued at $4,329,000 after acquiring an additional 556,081 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Uranium Energy by 712.5% during the third 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 acquiring an additional 1,597,108 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Roth Mkm reiterated a "buy" rating and issued a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright upped their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Monday, December 9th.

Uranium Energy Trading Up 3.4 %

NYSEAMERICAN UEC traded up $0.23 during trading hours on Friday, hitting $7.08. 8,461,963 shares of the company's stock traded hands, compared to its average volume of 6,467,498. The company's 50-day moving average is $6.62. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93.

Uranium Energy Company 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.