Driehaus Capital Management LLC Buys 3,259,704 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Driehaus Capital Management LLC raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 52.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,499,842 shares of the basic materials company's stock after purchasing an additional 3,259,704 shares during the quarter. Driehaus Capital Management LLC owned about 2.25% of Uranium Energy worth $63,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UEC. Vanguard Group Inc. grew its stake in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock worth $105,988,000 after purchasing an additional 4,982,949 shares in the last quarter. Norges Bank acquired a new position in Uranium Energy in the fourth quarter worth about $100,773,000. Ameriprise Financial Inc. grew its stake in Uranium Energy by 239.4% in the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after purchasing an additional 4,748,138 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Uranium Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after purchasing an additional 1,645,919 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 2.7%

Shares of UEC traded up $0.15 during trading hours on Tuesday, hitting $5.68. 4,219,349 shares of the stock traded hands, compared to its average volume of 7,888,553. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The firm has a market capitalization of $2.40 billion, a PE ratio of -47.33 and a beta of 1.88. The business has a fifty day moving average of $5.04 and a 200-day moving average of $6.46.

Analyst Ratings Changes

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

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.