Baader Bank Aktiengesellschaft Invests $223,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Key Points

• Baader Bank Aktiengesellschaft acquired 46,595 shares of Uranium Energy Corp., valued at approximately $223,000, during the first quarter, highlighting growing institutional interest in the stock.
• Uranium Energy Corp.'s stock has a market capitalization of $3.85 billion and is currently priced at $8.67, with a 52-week range between $3.85 and $9.09.
• BMO Capital Markets initiated coverage on Uranium Energy with an "outperform" rating and a price target of $7.75, indicating positive analyst sentiment toward the company's future performance.

Baader Bank Aktiengesellschaft purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 46,595 shares of the basic materials company's stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 purchasing an additional 4,982,949 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Uranium Energy by 239.4% in the 4th 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. Driehaus Capital Management LLC raised its holdings in shares of Uranium Energy by 52.2% in the 4th 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. Victory Capital Management Inc. raised its holdings in shares of Uranium Energy by 120.0% in the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock worth $28,350,000 after purchasing an additional 3,235,394 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Uranium Energy in the 4th quarter worth approximately $9,100,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of UEC stock traded up $0.21 during mid-day trading on Monday, reaching $8.88. The company's stock had a trading volume of 2,961,608 shares, compared to its average volume of 10,793,262. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $9.09. The company has a market cap of $3.94 billion, a P/E ratio of -52.14 and a beta of 1.44. The firm's 50-day moving average is $6.98 and its two-hundred day moving average is $6.28.

Analyst Ratings Changes

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

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.