Bailard Inc. Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bailard Inc. bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,385 shares of the basic materials company's stock, valued at approximately $183,000.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in shares of Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 3,515 shares during the period. Versant Capital Management Inc bought a new position in shares of Uranium Energy in the first quarter valued at about $27,000. Farther Finance Advisors LLC raised its position in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 2,364 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Uranium Energy in the first quarter valued at about $36,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Uranium Energy in the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets started coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 target price on the stock. Five investment 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, the stock presently has a consensus rating of "Buy" and an average target price of $10.13.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC traded up $0.06 during trading on Thursday, hitting $8.56. The company's stock had a trading volume of 8,743,418 shares, compared to its average volume of 10,746,438. The company has a 50-day moving average of $6.45 and a 200-day moving average of $6.30. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -50.50 and a beta of 1.42.

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.