Wedbush Securities Inc. lessened its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 78.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,908 shares of the basic materials company's stock after selling 115,492 shares during the quarter. Wedbush Securities Inc.'s holdings in Uranium Energy were worth $207,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UEC. Harbour Investments Inc. lifted its position in shares of Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,789 shares during the last quarter. Generali Investments Management Co LLC bought a new position in Uranium Energy during the fourth quarter worth $30,000. National Bank of Canada FI raised its stake in Uranium Energy by 29.7% during the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its holdings 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 valued at $53,000 after purchasing an additional 1,370 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
UEC has been the subject of a number of analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price for the company. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy has an average rating of "Buy" and a consensus target price of $10.60.
Read Our Latest Analysis on Uranium Energy
Uranium Energy Stock Performance
NYSEAMERICAN UEC traded down $0.16 during trading hours on Tuesday, reaching $4.59. 4,823,787 shares of the company's stock were exchanged, compared to its average volume of 7,645,397. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The company's 50-day moving average is $5.53 and its two-hundred day moving average is $6.60. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -38.25 and a beta of 1.88.
About Uranium Energy
(
Free Report)
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.
See Also
Before you consider Uranium Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uranium Energy wasn't on the list.
While Uranium Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
