Cresset Asset Management LLC Has $635,000 Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Cresset Asset Management LLC lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,964 shares of the basic materials company's stock after selling 86,642 shares during the period. Cresset Asset Management LLC's holdings in Uranium Energy were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stonehage Fleming Financial Services Holdings Ltd increased its position in Uranium Energy by 21.1% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after purchasing an additional 1,370 shares during the last quarter. US Bancorp DE boosted its stake in shares of Uranium Energy by 7.7% in the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock valued at $149,000 after purchasing an additional 1,600 shares during the period. Arizona State Retirement System boosted its stake in shares of Uranium Energy by 1.4% in the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock valued at $799,000 after purchasing an additional 1,692 shares during the period. Sei Investments Co. boosted its stake in shares of Uranium Energy by 9.7% in the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after purchasing an additional 1,710 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Uranium Energy by 11.7% during the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company's stock valued at $115,000 after acquiring an additional 1,795 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC traded down $0.33 during trading hours on Friday, hitting $5.29. 9,289,011 shares of the company's stock traded hands, compared to its average volume of 7,947,474. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93. The company's fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $6.44. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -44.08 and a beta of 1.88.

Analyst Upgrades and Downgrades

UEC has been the topic of a number of research analyst reports. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, Stifel Canada raised 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy presently has an average rating of "Buy" and a consensus target price of $10.60.

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.