LPL Financial LLC Purchases 80,063 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

LPL Financial LLC lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 78.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,338 shares of the basic materials company's stock after buying an additional 80,063 shares during the period. LPL Financial LLC's holdings in Uranium Energy were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake 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. raised its position in 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 last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in Uranium Energy during the 4th quarter worth $3,947,000. Barclays PLC raised its position in shares of Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after acquiring an additional 556,081 shares in the last quarter. Finally, Lake Street Private Wealth LLC acquired a new stake in shares of Uranium Energy in the 4th quarter valued at about $1,528,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on UEC. HC Wainwright restated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective for the company. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Finally, National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $10.60.

Uranium Energy Stock Up 4.3 %

UEC traded up $0.21 during trading hours on Wednesday, hitting $5.05. The stock had a trading volume of 1,207,600 shares, compared to its average volume of 7,697,498. The company's fifty day simple moving average is $5.27 and its 200 day simple moving average is $6.55. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The stock has a market cap of $2.14 billion, a PE ratio of -42.08 and a beta of 1.88.

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.