Emerald Mutual Fund Advisers Trust Purchases Shares of 1,030,480 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Mutual Fund Advisers Trust bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,030,480 shares of the basic materials company's stock, valued at approximately $6,894,000. Emerald Mutual Fund Advisers Trust owned about 0.24% of Uranium Energy as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in UEC. Norges Bank acquired a new position in Uranium Energy in the fourth quarter valued at about $100,773,000. JPMorgan Chase & Co. increased its stake in Uranium Energy by 45.9% during the 4th 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. Emerald Advisers LLC acquired a new stake in Uranium Energy during the 4th quarter worth approximately $11,114,000. Van ECK Associates Corp lifted 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 valued at $44,174,000 after buying an additional 1,645,919 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Uranium Energy in the fourth quarter valued at approximately $8,524,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC traded up $0.01 during mid-day trading on Friday, hitting $5.28. 8,778,329 shares of the stock traded hands, compared to its average volume of 7,763,276. The company has a market cap of $2.23 billion, a PE ratio of -44.00 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93. The firm has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $6.50.

Analysts Set New Price Targets

UEC has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research report on Wednesday, March 12th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Finally, Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research report 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. According to MarketBeat.com, the stock has an average rating of "Buy" and an average 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.