CANADA LIFE ASSURANCE Co Has $352,000 Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

CANADA LIFE ASSURANCE Co reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,481 shares of the basic materials company's stock after selling 98,536 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Uranium Energy were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in Uranium Energy by 947.4% during the 4th 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Uranium Energy by 180.1% during 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 acquired a new position in shares of Uranium Energy during the fourth quarter worth $30,000. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 1,370 shares during the last quarter. Finally, Total Wealth Planning LLC acquired a new stake in shares of Uranium Energy during the 4th quarter valued at $67,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC traded up $0.01 during midday trading on Friday, reaching $5.28. The stock had a trading volume of 8,778,329 shares, compared to its average volume of 7,763,276. The company's 50 day moving average price is $5.04 and its 200 day moving average price is $6.50. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -44.00 and a beta of 1.88.

Analyst Ratings Changes

A number of brokerages have issued reports on UEC. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial assumed coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective for the company. HC Wainwright reiterated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $10.60.

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.