Wedbush Securities Inc. Cuts Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wedbush Securities Inc. lowered its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 78.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,908 shares of the basic materials company’s stock after selling 115,492 shares during the period. Wedbush Securities Inc.’s holdings in Uranium Energy were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the last quarter. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth approximately $30,000. National Bank of Canada FI grew its position in Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after buying an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Uranium Energy by 21.1% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after buying an additional 1,370 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Uranium Energy Stock Down 0.9 %

Uranium Energy stock opened at $4.38 on Friday. The company’s 50-day moving average price is $5.62 and its 200-day moving average price is $6.63. The company has a market cap of $1.85 billion, a PE ratio of -36.50 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93.

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.