Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. boosted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 113.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 172,386 shares of the basic materials company's stock after acquiring an additional 91,665 shares during the quarter. Riggs Asset Managment Co. Inc.'s holdings in Uranium Energy were worth $1,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UEC. Sei Investments Co. lifted its holdings in shares of Uranium Energy by 201.1% during the second quarter. Sei Investments Co. now owns 40,204 shares of the basic materials company's stock valued at $242,000 after acquiring an additional 26,853 shares during the period. Bank of Montreal Can raised its holdings in shares of Uranium Energy by 134.2% in the second quarter. Bank of Montreal Can now owns 72,453 shares of the basic materials company's stock valued at $436,000 after buying an additional 41,519 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Uranium Energy by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,148 shares of the basic materials company's stock valued at $1,347,000 after buying an additional 11,987 shares during the last quarter. Algert Global LLC bought a new position in shares of Uranium Energy in the second quarter valued at about $244,000. Finally, Creative Planning raised its holdings in shares of Uranium Energy by 13.3% in the second quarter. Creative Planning now owns 50,157 shares of the basic materials company's stock valued at $301,000 after buying an additional 5,871 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Down 1.5 %

Shares of UEC traded down $0.11 on Wednesday, reaching $7.00. The company's stock had a trading volume of 2,530,364 shares, compared to its average volume of 7,195,036. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The firm has a market cap of $2.96 billion, a PE ratio of -58.24 and a beta of 1.88. The company has a fifty day moving average of $6.62.

Analyst Ratings Changes

Several analysts have weighed in on UEC shares. HC Wainwright boosted their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Roth Mkm reissued a "buy" rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

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.