Emerald Mutual Fund Advisers Trust Has $1.23 Million 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 the company in its most recent Form 13F filing 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 quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Uranium Energy by 1.5% during 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 purchasing an additional 423,233 shares during the period. Vanguard Group Inc. grew its holdings in Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Uranium Energy by 45.9% during the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock valued at $105,988,000 after purchasing an additional 4,982,949 shares in the last quarter. Norges Bank acquired a new stake in Uranium Energy during the 4th quarter valued at $100,773,000. Finally, Driehaus Capital Management LLC increased its position in shares of Uranium Energy by 52.2% in the 4th 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 institutional investors and hedge funds.

Uranium Energy Stock Up 1.7%

NYSEAMERICAN:UEC traded up $0.12 during mid-day trading on Tuesday, reaching $6.98. 12,283,743 shares of the company were exchanged, compared to its average volume of 9,268,865. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The company has a fifty day moving average of $6.16 and a 200 day moving average of $6.34. The stock has a market cap of $3.10 billion, a PE ratio of -41.06 and a beta of 1.42.

Analyst Ratings Changes

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

About Uranium Energy

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.