Victory Capital Management Inc. Trims Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Victory Capital Management Inc. lowered its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,695,526 shares of the basic materials company’s stock after selling 858,623 shares during the quarter. Victory Capital Management Inc. owned about 0.64% of Uranium Energy worth $18,033,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of 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 buying an additional 1,370 shares during the period. Integrated Wealth Concepts LLC grew its position in Uranium Energy by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after acquiring an additional 1,560 shares in the last quarter. US Bancorp DE increased its stake in Uranium Energy by 7.7% during the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 1,600 shares during the period. National Bank of Canada FI lifted its position in shares of Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Uranium Energy by 11.7% in the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 1,795 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

UEC has been the topic of a number of recent research reports. HC Wainwright increased their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, 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.

Uranium Energy Stock Performance

UEC opened at $5.06 on Wednesday. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The stock’s 50 day moving average price is $6.77. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -42.17 and a beta of 1.88.

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.