Alliancebernstein L.P. Lowers Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Alliancebernstein L.P. reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 425,198 shares of the basic materials company's stock after selling 84,589 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Uranium Energy worth $2,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 3,515 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock valued at $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 raised its stake in 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 worth $46,000 after acquiring an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted 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 purchasing an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a research note on Wednesday, March 12th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. National Bank Financial started coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price on the stock. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, HC Wainwright reissued a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Four equities research 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, the stock currently has a consensus rating of "Buy" and an average price target of $10.60.

Uranium Energy Stock Up 4.8 %

Uranium Energy stock traded up $0.23 during midday trading on Friday, reaching $5.05. The stock had a trading volume of 7,017,906 shares, compared to its average volume of 7,720,929. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93. The company has a fifty day moving average of $5.36 and a 200 day moving average of $6.56. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -42.08 and a beta of 1.88.

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.