Bearing Point Capital LLC Acquires 58,270 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Key Points

• Bearing Point Capital LLC significantly increased its holdings in Uranium Energy Corp., acquiring an additional 58,270 shares, raising their total ownership by 489.5% in Q1.
• Uranium Energy Corp. currently has a market capitalization of $3.96 billion and has seen its stock price rise 1.6% recently, with a 52-week range between $3.85 and $9.09.
• Wall Street analysts have a positive outlook on Uranium Energy, with an average rating of "Buy" and an average price target of $10.13.

Bearing Point Capital LLC increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 489.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,175 shares of the basic materials company's stock after purchasing an additional 58,270 shares during the period. Bearing Point Capital LLC's holdings in Uranium Energy were worth $335,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Uranium Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock worth $195,551,000 after acquiring an additional 423,233 shares during the last quarter. Vanguard Group Inc. increased its holdings in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $105,988,000 after acquiring an additional 4,982,949 shares in the last quarter. Norges Bank bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $100,773,000. Finally, Driehaus Capital Management LLC grew its holdings in Uranium Energy by 52.2% during the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after buying an additional 3,259,704 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets assumed coverage on Uranium Energy in a report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $10.13.

Uranium Energy Trading Down 0.2%

Shares of NYSEAMERICAN:UEC traded down $0.02 during trading on Wednesday, hitting $8.74. 5,237,816 shares of the company's stock were exchanged, compared to its average volume of 10,789,399. The firm has a market cap of $3.88 billion, a P/E ratio of -51.39 and a beta of 1.42. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $9.09. The firm has a 50-day moving average price of $6.79 and a two-hundred day moving average price 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.