CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

CANADA LIFE ASSURANCE Co decreased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,481 shares of the basic materials company's stock after selling 98,536 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Uranium Energy were worth $352,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Uranium Energy in the fourth quarter worth $67,000. Rossby Financial LCC purchased a new stake in Uranium Energy in the 4th quarter worth $161,000. XTX Topco Ltd purchased a new position in shares of Uranium Energy during the fourth quarter valued at about $1,243,000. Mariner LLC increased its holdings in shares of Uranium Energy by 15.4% in the fourth quarter. Mariner LLC now owns 37,743 shares of the basic materials company's stock worth $253,000 after purchasing an additional 5,049 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Uranium Energy by 3.2% in the fourth quarter. Barclays PLC now owns 719,512 shares of the basic materials company's stock worth $4,814,000 after buying an additional 22,467 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UEC. National Bank Financial began 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. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. 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. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $10.60.

Uranium Energy Stock Performance

NYSEAMERICAN UEC traded down $0.08 during trading on Tuesday, hitting $5.17. The stock had a trading volume of 437,936 shares, compared to its average volume of 8,061,968. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The stock has a 50 day simple moving average of $5.03 and a 200 day simple moving average of $6.49. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -43.04 and a beta of 1.88.

Uranium Energy Company 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.