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

Baader Bank Aktiengesellschaft acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,595 shares of the basic materials company's stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in Uranium Energy in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted 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 worth $36,000 after purchasing an additional 2,364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Uranium Energy in the first quarter worth $36,000. Altshuler Shaham Ltd bought a new stake in shares of Uranium Energy in the fourth quarter worth $67,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Uranium Energy in the fourth quarter worth $76,000. Institutional investors own 62.28% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets initiated coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price objective 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $10.13.

Uranium Energy Price Performance

Shares of UEC stock remained flat at $8.67 on Friday. 13,417,369 shares of the stock were exchanged, compared to its average volume of 13,660,861. The firm has a market capitalization of $3.85 billion, a PE ratio of -51.00 and a beta of 1.43. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $9.09. The firm has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $6.30.

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.