Bank of America Corp DE Lowers Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of America Corp DE reduced its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 41.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,462,914 shares of the basic materials company's stock after selling 1,016,131 shares during the period. Bank of America Corp DE owned about 0.35% of Uranium Energy worth $9,787,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after buying an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 4,982,949 shares during the period. Norges Bank acquired a new position in Uranium Energy during the fourth quarter worth $100,773,000. Ameriprise Financial Inc. raised its position in 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 acquiring an additional 4,748,138 shares during the period. Finally, Van ECK Associates Corp raised its position in Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after acquiring an additional 1,645,919 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 3.1%

UEC stock traded down $0.20 during mid-day trading on Wednesday, hitting $6.38. 9,671,877 shares of the company were exchanged, compared to its average volume of 8,362,733. The firm has a market capitalization of $2.70 billion, a P/E ratio of -53.38 and a beta of 1.88. The business has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $6.43. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UEC shares. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. National Bank Financial started coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price for the company. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. HC Wainwright reiterated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.60.

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.