SG Americas Securities LLC Reduces Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

SG Americas Securities LLC decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 82.3% during the 1st quarter, HoldingsChannel reports. The fund owned 62,148 shares of the basic materials company’s stock after selling 289,085 shares during the quarter. SG Americas Securities LLC’s holdings in Uranium Energy were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Uranium Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after buying an additional 423,233 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after purchasing an additional 631,929 shares during the period. JPMorgan Chase & Co. increased its stake in Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after purchasing an additional 4,982,949 shares during the last quarter. Norges Bank acquired a new stake in shares of Uranium Energy during the fourth quarter worth $100,773,000. Finally, Driehaus Capital Management LLC lifted its position in shares of Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock worth $63,554,000 after buying an additional 3,259,704 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of a number of recent research reports. BMO Capital Markets started coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 price objective for the company. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research report on Wednesday, March 12th. Finally, HC Wainwright restated a “buy” rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Uranium Energy has an average rating of “Buy” and an average price target of $10.13.

Uranium Energy Price Performance

Shares of UEC stock opened at $7.05 on Friday. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -41.47 and a beta of 1.39. The business has a 50 day simple moving average of $5.86 and a 200 day simple moving average of $6.47.

Uranium Energy 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.