1,661,299 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Bought by Emerald Advisers LLC

Emerald Advisers LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,661,299 shares of the basic materials company’s stock, valued at approximately $11,114,000.

A number of other large investors have also recently added to or reduced their stakes in UEC. Vanguard Group Inc. boosted its position in Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after acquiring an additional 631,929 shares during the last quarter. LPL Financial LLC grew its position in Uranium Energy by 78.3% in the fourth quarter. LPL Financial LLC now owns 182,338 shares of the basic materials company’s stock valued at $1,220,000 after purchasing an additional 80,063 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Uranium Energy during the 4th quarter worth about $563,000. Sei Investments Co. boosted its stake in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after buying an additional 1,710 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Uranium Energy by 194.6% in the fourth quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company’s stock valued at $7,649,000 after acquiring an additional 755,285 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 1.6 %

Uranium Energy stock opened at $5.53 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -46.08 and a beta of 1.88. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The stock’s 50 day moving average is $6.49 and its 200-day moving average is $6.84.

Analysts Set New Price Targets

UEC has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research report on Wednesday, March 12th. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. 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. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock 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.