Financial Security Advisor Inc. Decreases Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Financial Security Advisor Inc. lessened its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 117,995 shares of the basic materials company’s stock after selling 5,500 shares during the quarter. Financial Security Advisor Inc.’s holdings in Uranium Energy were worth $789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in Uranium Energy by 107.6% in the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock worth $2,350,000 after acquiring an additional 182,016 shares during the last quarter. Van ECK Associates Corp raised its stake in Uranium Energy by 33.2% in the 4th 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Uranium Energy in the 3rd quarter worth $12,643,000. Intech Investment Management LLC purchased a new position in Uranium Energy in the 3rd quarter worth $600,000. Finally, Barclays PLC raised 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 worth $4,329,000 after acquiring an additional 556,081 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UEC. HC Wainwright raised their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. National Bank Financial began coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price for the company. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.

Uranium Energy Price Performance

Shares of UEC opened at $5.42 on Friday. The stock’s 50-day moving average is $6.60. The firm has a market cap of $2.29 billion, a P/E ratio of -45.17 and a beta of 1.88. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.93.

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.