Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660,860 shares of the basic materials company's stock after selling 65,751 shares during the quarter. Wellington Management Group LLP owned 0.16% of Uranium Energy worth $4,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UEC. Harbour Investments Inc. raised its holdings in Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new stake in Uranium Energy in the 4th quarter worth approximately $30,000. National Bank of Canada FI boosted its stake in shares of Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock worth $46,000 after acquiring an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after purchasing an additional 1,370 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on UEC. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $10.60.

Uranium Energy Price Performance

UEC traded down $0.14 on Tuesday, reaching $4.61. 7,509,184 shares of the company's stock were exchanged, compared to its average volume of 7,655,354. The stock's fifty day moving average price is $5.53 and its 200-day moving average price is $6.60. The stock has a market cap of $1.95 billion, a PE ratio of -38.42 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93.

Uranium Energy Company 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.