Comerica Bank Has $1.14 Million Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Comerica Bank increased its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 588,137.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,589 shares of the basic materials company's stock after purchasing an additional 170,560 shares during the quarter. Comerica Bank's holdings in Uranium Energy were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in shares of 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 buying an additional 3,515 shares during the period. GAMMA Investing LLC grew its position 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 worth $29,000 after buying an additional 2,789 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of Uranium Energy during the 4th quarter worth about $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after buying an additional 1,370 shares during the period. Finally, Total Wealth Planning LLC acquired a new position in shares of Uranium Energy during the 4th quarter worth about $67,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $5.70 on Monday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -47.50 and a beta of 1.88. The stock's 50 day moving average price is $5.04 and its two-hundred day moving average price is $6.47. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week 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.

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