Strategic Financial Concepts LLC Buys Shares of 48,275 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Strategic Financial Concepts LLC acquired a new position in 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 (SEC). The fund acquired 48,275 shares of the basic materials company's stock, valued at approximately $323,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company's stock valued at $30,783,000 after acquiring an additional 2,171,468 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Uranium Energy during the third quarter valued at $12,643,000. Segra Capital Management LLC boosted its holdings in shares of Uranium Energy by 81.0% during the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company's stock valued at $24,926,000 after acquiring an additional 1,806,529 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Uranium Energy during the third quarter valued at $4,512,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Down 8.5 %

NYSEAMERICAN UEC traded down $0.59 on Friday, hitting $6.39. 9,785,197 shares of the company were exchanged, compared to its average volume of 6,495,250. The company's 50 day moving average price is $6.64. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -53.25 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UEC shares. Roth Mkm reissued a "buy" rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright boosted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday, December 9th. National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday. They set an "outperform" rating and a $10.00 price objective on the stock. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday.

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.