Vanguard Group Inc. Purchases 631,929 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Vanguard Group Inc. grew its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,862,079 shares of the basic materials company’s stock after acquiring an additional 631,929 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Uranium Energy worth $173,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Segra Capital Management LLC increased its holdings in shares of Uranium Energy by 81.0% during the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after acquiring an additional 1,806,529 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Uranium Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock worth $44,174,000 after buying an additional 1,645,919 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Uranium Energy by 194.6% during the fourth quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company’s stock worth $7,649,000 after buying an additional 755,285 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Uranium Energy during the third quarter valued at $4,512,000. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Uranium Energy in the 4th quarter valued at $3,947,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UEC. National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. 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. Finally, Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Trading Down 5.2 %

Uranium Energy stock opened at $4.22 on Monday. The firm has a market cap of $1.79 billion, a PE ratio of -35.17 and a beta of 1.88. Uranium Energy Corp. has a 12 month low of $3.99 and a 12 month high of $8.93. The stock’s 50 day simple moving average is $6.03 and its two-hundred day simple moving average is $6.71.

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.