Emerald Mutual Fund Advisers Trust Reduces Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Mutual Fund Advisers Trust trimmed its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 75.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,309 shares of the basic materials company's stock after selling 774,171 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.06% of Uranium Energy worth $1,225,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock worth $149,000 after acquiring an additional 1,600 shares in the last quarter. Arizona State Retirement System grew its position in Uranium Energy by 1.4% in the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock worth $799,000 after purchasing an additional 1,692 shares in the last quarter. Sei Investments Co. lifted its position in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock worth $130,000 after buying an additional 1,710 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after buying an additional 2,364 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Uranium Energy by 7.7% in the first quarter. Xponance Inc. now owns 33,240 shares of the basic materials company's stock valued at $159,000 after acquiring an additional 2,385 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Stock Performance

UEC traded up $0.32 during midday trading on Friday, hitting $6.59. The stock had a trading volume of 10,745,834 shares, compared to its average volume of 9,235,424. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The business has a fifty day moving average of $6.16 and a 200 day moving average of $6.35. The company has a market cap of $2.93 billion, a P/E ratio of -38.76 and a beta of 1.42.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on shares of 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company 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.