State Street Corp Lowers Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

State Street Corp cut its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,517,974 shares of the basic materials company's stock after selling 1,850,941 shares during the quarter. State Street Corp owned about 4.74% of Uranium Energy worth $121,207,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Uranium Energy by 7.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company's stock valued at $231,000 after purchasing an additional 2,585 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Uranium Energy during the 2nd quarter worth approximately $1,804,000. HTLF Bank grew its stake in shares of Uranium Energy by 40.0% during the 2nd quarter. HTLF Bank now owns 63,050 shares of the basic materials company's stock worth $379,000 after acquiring an additional 18,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Uranium Energy by 38.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,810,384 shares of the basic materials company's stock worth $10,880,000 after acquiring an additional 501,291 shares in the last quarter. Finally, Blackhawk Capital Partners LLC. acquired a new stake in shares of Uranium Energy in the second quarter valued at approximately $69,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC traded down $0.30 during mid-day trading on Friday, reaching $7.88. The company had a trading volume of 5,586,124 shares, compared to its average volume of 8,407,099. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -65.67 and a beta of 1.84. The company has a 50-day moving average price of $6.57. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Equities research analysts predict that Uranium Energy Corp. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.