Cresset Asset Management LLC Cuts Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Cresset Asset Management LLC reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,964 shares of the basic materials company's stock after selling 86,642 shares during the quarter. Cresset Asset Management LLC's holdings in Uranium Energy were worth $635,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in Uranium Energy in the fourth quarter valued at about $6,549,000. Cetera Investment Advisers increased its position in Uranium Energy by 18.8% in the fourth quarter. Cetera Investment Advisers now owns 57,384 shares of the basic materials company's stock worth $384,000 after buying an additional 9,074 shares during the last quarter. Brevan Howard Capital Management LP raised its position in shares of Uranium Energy by 466.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 64,497 shares of the basic materials company's stock worth $431,000 after buying an additional 53,107 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new position in Uranium Energy during the fourth quarter worth about $2,007,000. Finally, Bearing Point Capital LLC purchased a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $80,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 1.4%

Uranium Energy stock traded down $0.08 during midday trading on Monday, hitting $5.22. 1,565,358 shares of the stock were exchanged, compared to its average volume of 7,902,127. The business's 50-day moving average price is $5.08 and its 200-day moving average price is $6.44. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -43.29 and a beta of 1.88.

Analysts Set New Price Targets

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