Emerald Advisers LLC Sells 850,127 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Advisers LLC lessened its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 51.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 811,172 shares of the basic materials company's stock after selling 850,127 shares during the quarter. Emerald Advisers LLC owned about 0.19% of Uranium Energy worth $3,877,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UEC. American Century Companies Inc. increased its holdings in shares of Uranium Energy by 194.6% during the 4th quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock worth $7,649,000 after purchasing an additional 755,285 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Uranium Energy by 101.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,196 shares of the basic materials company's stock worth $111,000 after purchasing an additional 11,688 shares during the period. Raymond James Financial Inc. bought a new position in shares of Uranium Energy during the 4th quarter worth about $1,007,000. Swiss National Bank increased its holdings in shares of Uranium Energy by 1.4% during the 4th quarter. Swiss National Bank now owns 809,200 shares of the basic materials company's stock worth $5,414,000 after purchasing an additional 11,300 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Uranium Energy by 239.4% during 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 during the period. Institutional investors own 62.28% of the company's stock.

Uranium Energy Price Performance

UEC opened at $6.59 on Monday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -38.76 and a beta of 1.42. The firm has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $6.34. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $8.93.

Wall Street Analysts Forecast Growth

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

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.

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