Emerald Advisers LLC Cuts Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Advisers LLC trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 51.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 811,172 shares of the basic materials company's stock after selling 850,127 shares during the period. Emerald Advisers LLC owned approximately 0.19% of Uranium Energy worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 in the last quarter. Vanguard Group Inc. lifted its stake 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in Uranium Energy by 45.9% in the fourth 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 during the last quarter. Norges Bank bought a new stake in Uranium Energy in the fourth quarter worth $100,773,000. Finally, Driehaus Capital Management LLC lifted its stake in Uranium Energy by 52.2% in 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 purchasing an additional 3,259,704 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Up 6.9%

Shares of NYSEAMERICAN:UEC traded up $0.53 during midday trading on Thursday, hitting $8.16. 34,729,093 shares of the stock traded hands, compared to its average volume of 9,492,098. The stock has a market capitalization of $3.63 billion, a PE ratio of -48.00 and a beta of 1.42. The business's 50 day moving average is $6.31 and its two-hundred day moving average is $6.33. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93.

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.