Summit Financial LLC Acquires Shares of 612,496 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Summit Financial LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 612,496 shares of the basic materials company’s stock, valued at approximately $4,098,000.

Several other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new position in Uranium Energy during the 4th quarter valued at about $30,000. National Bank of Canada FI boosted its stake in 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 acquiring an additional 1,713 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its holdings in Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 1,370 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $4.78 on Tuesday. The stock has a market capitalization of $2.02 billion, a P/E ratio of -39.83 and a beta of 1.88. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.93. The business has a fifty day moving average price of $6.23 and a 200-day moving average price of $6.77.

Wall Street Analysts Forecast Growth

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

Uranium Energy Company 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.