Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Position Raised by Navellier & Associates Inc.

Navellier & Associates Inc. raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,708 shares of the basic materials company’s stock after purchasing an additional 17,439 shares during the period. Navellier & Associates Inc.’s holdings in Uranium Energy were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its stake in shares of Uranium Energy by 4.9% in the 4th quarter. Handelsbanken Fonder AB now owns 127,100 shares of the basic materials company’s stock valued at $850,000 after acquiring an additional 5,900 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Uranium Energy by 175.9% in the 4th quarter. Alberta Investment Management Corp now owns 244,682 shares of the basic materials company’s stock valued at $1,637,000 after acquiring an additional 156,007 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Uranium Energy by 12.9% in the 4th quarter. New York State Common Retirement Fund now owns 123,549 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 14,100 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Uranium Energy in the 4th quarter valued at approximately $188,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Uranium Energy in the 4th quarter valued at approximately $323,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Down 5.0 %

Shares of UEC stock opened at $5.68 on Friday. The company has a fifty day moving average of $6.64. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -47.33 and a beta of 1.88. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93.

Analyst Ratings Changes

A number of research analysts recently weighed in on UEC shares. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock. HC Wainwright lifted their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th.

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.