Strategic Financial Concepts LLC Purchases New Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

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

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in Uranium Energy by 107.6% in the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock worth $2,350,000 after buying an additional 182,016 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Uranium Energy in the third quarter valued at approximately $12,643,000. Van ECK Associates Corp boosted its stake in shares of Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Uranium Energy during the third quarter worth approximately $600,000. Finally, Barclays PLC raised its stake in Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $7.06 on Thursday. The company has a fifty day moving average price of $6.64. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The stock has a market cap of $2.99 billion, a P/E ratio of -58.83 and a beta of 1.88.

Analysts Set New Price Targets

A number of research firms have commented on UEC. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued 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 objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday. They issued an “outperform” rating and a $10.00 target price for the company.

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.