D.A. Davidson & CO. Makes New Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

D.A. Davidson & CO. acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,078 shares of the basic materials company’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UEC. Geode Capital Management LLC lifted its holdings in 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 valued at $56,419,000 after acquiring an additional 159,921 shares during the period. Van ECK Associates Corp increased its holdings in shares of Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after purchasing an additional 1,645,919 shares in the last quarter. Segra Capital Management LLC lifted its stake in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after purchasing an additional 1,806,529 shares during the period. Victory Capital Management Inc. boosted its holdings in Uranium Energy by 1.2% during 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 buying an additional 42,904 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Uranium Energy by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock valued at $20,620,000 after buying an additional 90,098 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Down 2.2 %

Shares of UEC opened at $5.42 on Friday. The business’s 50-day moving average is $6.60. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -45.17 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.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. HC Wainwright raised their price objective on 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 report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an “outperform” rating in a research note 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.