Xponance Inc. Acquires 4,559 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Xponance Inc. lifted its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 17.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,855 shares of the basic materials company’s stock after acquiring an additional 4,559 shares during the quarter. Xponance Inc.’s holdings in Uranium Energy were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UEC. Intech Investment Management LLC bought a new stake in shares of Uranium Energy in the 3rd quarter valued at about $600,000. Charles Schwab Investment Management Inc. increased its stake in Uranium Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock worth $20,620,000 after purchasing an additional 90,098 shares during the period. The Manufacturers Life Insurance Company lifted its position in Uranium Energy by 712.5% in 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 purchasing an additional 1,597,108 shares during the last quarter. Fiduciary Trust Co boosted its stake in shares of Uranium Energy by 12.4% during the third quarter. Fiduciary Trust Co now owns 23,660 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 2,619 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Uranium Energy by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 655,946 shares of the basic materials company’s stock worth $4,073,000 after purchasing an additional 26,102 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 2.7 %

NYSEAMERICAN UEC opened at $4.97 on Friday. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The stock’s fifty day moving average price is $6.27 and its 200-day moving average price is $6.78. The stock has a market cap of $2.10 billion, a P/E ratio of -41.42 and a beta of 1.88.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. HC Wainwright reiterated a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. National Bank Financial assumed coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Buy” and a consensus price target of $10.60.

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.