Ameriprise Financial Inc. Buys 4,748,138 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Ameriprise Financial Inc. boosted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 239.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,731,148 shares of the basic materials company's stock after acquiring an additional 4,748,138 shares during the period. Ameriprise Financial Inc. owned about 1.59% of Uranium Energy worth $45,036,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Tidal Investments LLC lifted its stake in Uranium Energy by 11.1% in the third quarter. Tidal Investments LLC now owns 72,402 shares of the basic materials company's stock valued at $450,000 after acquiring an additional 7,220 shares during the last quarter. GAMMA Investing LLC boosted its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 2,789 shares during the period. Harbor Capital Advisors Inc. bought a new position in Uranium Energy in the 4th quarter valued at about $1,132,000. Finally, Pallas Capital Advisors LLC raised its position in Uranium Energy by 18.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,070 shares of the basic materials company's stock valued at $108,000 after purchasing an additional 2,544 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN UEC traded up $0.04 on Wednesday, reaching $5.67. The company had a trading volume of 6,029,651 shares, compared to its average volume of 7,911,323. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The firm has a market capitalization of $2.40 billion, a PE ratio of -47.25 and a beta of 1.88. The firm has a 50-day moving average of $5.04 and a 200-day moving average of $6.46.

Analysts Set New Price Targets

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

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.