Nisa Investment Advisors LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,800 shares of the basic materials company’s stock, valued at approximately $36,000.
Several other hedge funds also recently bought and sold shares of UEC. Exchange Traded Concepts LLC grew its stake in Uranium Energy by 33.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 11,339,120 shares of the basic materials company’s stock worth $52,047,000 after buying an additional 2,818,076 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Uranium Energy by 16.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 162,880 shares of the basic materials company’s stock worth $751,000 after buying an additional 22,411 shares in the last quarter. Copperwynd Financial LLC purchased a new position in Uranium Energy in the 1st quarter worth approximately $1,336,000. Belvedere Trading LLC grew its stake in Uranium Energy by 56.1% in the 1st quarter. Belvedere Trading LLC now owns 75,134 shares of the basic materials company’s stock worth $428,000 after buying an additional 27,013 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its stake in Uranium Energy by 95.2% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 20,500 shares of the basic materials company’s stock worth $69,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 37.69% of the company’s stock.
Uranium Energy Trading Up 5.5 %
Shares of UEC stock opened at $4.20 on Monday. Uranium Energy Corp. has a one year low of $1.94 and a one year high of $6.60. The stock has a market cap of $1.20 billion, a P/E ratio of -420.00 and a beta of 2.03.
Wall Street Analyst Weigh In
UEC has been the subject of a number of research reports. Citigroup cut shares of Uranium Energy from a “hold” rating to a “reduce” rating and set a $5.50 price objective for the company. in a research note on Friday, April 22nd. They noted that the move was a valuation call. HC Wainwright reaffirmed a “maintains” rating on shares of Uranium Energy in a research note on Thursday. Canaccord Genuity Group raised shares of Uranium Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $5.50 to $6.00 in a research note on Monday, June 13th. Finally, Canaccord Genuity Group raised shares of Uranium Energy from a “hold” rating to a “speculative buy” rating in a research note on Monday, June 13th.
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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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