Strategic Financial Concepts LLC Invests $323,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Strategic Financial Concepts LLC bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,275 shares of the basic materials company's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Uranium Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company's stock worth $56,419,000 after purchasing an additional 159,921 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Uranium Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after purchasing an additional 1,645,919 shares in the last quarter. Segra Capital Management LLC increased its stake in shares of Uranium Energy by 81.0% in the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company's stock worth $24,926,000 after purchasing an additional 1,806,529 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Uranium Energy by 1.2% in the third quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company's stock worth $22,071,000 after purchasing an additional 42,904 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Uranium Energy by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company's stock worth $20,620,000 after purchasing an additional 90,098 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Down 5.0 %

Shares of NYSEAMERICAN:UEC traded down $0.30 during midday trading on Friday, reaching $5.68. 7,945,183 shares of the company were exchanged, compared to its average volume of 6,614,969. The company's fifty day moving average is $6.64. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The firm has a market capitalization of $2.40 billion, a PE ratio of -47.33 and a beta of 1.88.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UEC shares. HC Wainwright increased their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price for the company. Finally, National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th.

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.