1,189,464 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Acquired by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,189,464 shares of the basic materials company's stock, valued at approximately $7,958,000. Encompass Capital Advisors LLC owned approximately 0.28% of Uranium Energy at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Uranium Energy by 45.9% during 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 shares of Uranium Energy during the fourth quarter worth approximately $100,773,000. Driehaus Capital Management LLC lifted its position in shares of Uranium Energy by 52.2% during the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after purchasing an additional 3,259,704 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Uranium Energy by 239.4% during 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. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UEC has been the topic of several recent research reports. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a 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. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $10.60.

Uranium Energy Trading Up 0.4%

Shares of NYSEAMERICAN:UEC traded up $0.02 during trading on Wednesday, hitting $5.65. 4,512,703 shares of the company were exchanged, compared to its average volume of 7,905,900. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -47.08 and a beta of 1.88. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $8.93. The firm has a fifty day moving average price of $5.04 and a two-hundred day moving average price of $6.46.

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.