Alps Advisors Inc. trimmed its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,606,299 shares of the basic materials company's stock after selling 1,729,928 shares during the quarter. Uranium Energy comprises approximately 0.4% of Alps Advisors Inc.'s holdings, making the stock its 19th biggest position. Alps Advisors Inc. owned about 3.69% of Uranium Energy worth $74,598,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its stake in shares of Uranium Energy by 2.7% in the first quarter. Riggs Asset Managment Co. Inc. now owns 177,100 shares of the basic materials company's stock worth $847,000 after acquiring an additional 4,714 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Uranium Energy in the 1st quarter worth approximately $90,000. Goehring & Rozencwajg Associates LLC boosted its stake in Uranium Energy by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,784,948 shares of the basic materials company's stock worth $8,532,000 after purchasing an additional 38,302 shares during the period. D.A. Davidson & CO. grew its holdings in Uranium Energy by 64.8% during the 1st quarter. D.A. Davidson & CO. now owns 46,270 shares of the basic materials company's stock valued at $221,000 after buying an additional 18,192 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Uranium Energy during the first quarter valued at approximately $295,000. Institutional investors 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 note on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 target price for the company. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Uranium Energy presently has a consensus rating of "Buy" and a consensus price target of $10.13.
Check Out Our Latest Stock Report on Uranium Energy
Uranium Energy Stock Performance
UEC stock traded up $0.32 during trading on Friday, hitting $6.59. 10,745,834 shares of the company's stock traded hands, compared to its average volume of 9,253,748. The business has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $6.34. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -38.76 and a beta of 1.42.
About Uranium Energy
(
Free Report)
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.
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