DRW Securities LLC Purchases Shares of 76,436 Uranium Energy Corp. (NYSEAMERICAN:UEC)

DRW Securities LLC acquired a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,436 shares of the basic materials company's stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Uranium Energy during the 4th quarter valued at about $100,773,000. JPMorgan Chase & Co. raised its holdings in shares of Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock worth $105,988,000 after buying an additional 4,982,949 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of Uranium Energy during the 4th quarter worth approximately $11,114,000. Van ECK Associates Corp boosted its stake in Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock valued at $44,174,000 after buying an additional 1,645,919 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Uranium Energy in the fourth quarter valued at $8,524,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Down 2.3 %

Shares of UEC traded down $0.11 during trading hours on Tuesday, reaching $4.64. The stock had a trading volume of 3,553,490 shares, compared to its average volume of 7,640,140. The company has a market cap of $1.96 billion, a P/E ratio of -38.67 and a beta of 1.88. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93. The firm has a 50-day moving average of $5.53 and a 200 day moving average of $6.60.

Analyst Ratings Changes

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