Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Acquired by Comerica Bank

Comerica Bank increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 588,137.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,589 shares of the basic materials company's stock after buying an additional 170,560 shares during the quarter. Comerica Bank's holdings in Uranium Energy were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new stake in Uranium Energy during the fourth quarter worth about $6,894,000. Northern Trust Corp raised its holdings in Uranium Energy by 6.4% during the fourth quarter. Northern Trust Corp now owns 4,028,138 shares of the basic materials company's stock worth $26,948,000 after purchasing an additional 240,767 shares during the last quarter. Oxford Asset Management LLP acquired a new position in Uranium Energy during the fourth quarter worth $568,000. Two Sigma Securities LLC acquired a new stake in Uranium Energy in the fourth quarter valued at $241,000. Finally, Integrated Wealth Concepts LLC grew its stake in Uranium Energy by 9.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company's stock valued at $270,000 after acquiring an additional 3,516 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Ratings Changes

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

Uranium Energy Price Performance

UEC traded down $0.27 on Friday, reaching $5.36. The company's stock had a trading volume of 2,076,639 shares, compared to its average volume of 8,235,695. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The business's 50 day moving average is $5.07 and its 200 day moving average is $6.45. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -44.63 and a beta of 1.88.

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.