Alliancebernstein L.P. Reduces Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Alliancebernstein L.P. decreased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,198 shares of the basic materials company’s stock after selling 84,589 shares during the quarter. Alliancebernstein L.P.’s holdings in Uranium Energy were worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in UEC. Harbour Investments Inc. grew its holdings in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after buying an additional 3,515 shares in the last quarter. GAMMA Investing LLC increased its holdings in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new stake in Uranium Energy in the 4th quarter worth approximately $30,000. National Bank of Canada FI grew its position in shares of Uranium Energy by 29.7% during the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of 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. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $4.61 on Wednesday. The business’s 50-day moving average is $5.48 and its 200 day moving average is $6.59. The stock has a market capitalization of $1.95 billion, a PE ratio of -38.42 and a beta of 1.88. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93.

Wall Street Analyst Weigh In

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

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; 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.