KLP Kapitalforvaltning AS Acquires New Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

KLP Kapitalforvaltning AS bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,200 shares of the basic materials company’s stock, valued at approximately $563,000.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Uranium Energy by 107.6% during the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after buying an additional 182,016 shares during the period. Van ECK Associates Corp raised its position in Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock worth $44,174,000 after acquiring an additional 1,645,919 shares during the period. Barclays PLC lifted 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 buying an additional 556,081 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Uranium Energy in the fourth quarter valued at approximately $323,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in Uranium Energy by 113.6% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company’s stock worth $1,184,000 after purchasing an additional 91,665 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 1.1 %

Shares of UEC stock opened at $4.71 on Thursday. The company has a market capitalization of $1.99 billion, a P/E ratio of -39.25 and a beta of 1.88. The business’s 50 day moving average is $6.14 and its two-hundred day moving average is $6.74. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93.

Wall Street Analyst Weigh In

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