1,107,974 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Acquired by General American Investors Co. Inc.

General American Investors Co. Inc. bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,107,974 shares of the basic materials company's stock, valued at approximately $5,296,000. General American Investors Co. Inc. owned approximately 0.26% of Uranium Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in UEC. American Century Companies Inc. grew its holdings in shares of Uranium Energy by 194.6% during the fourth quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock valued at $7,649,000 after buying an additional 755,285 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Uranium Energy by 101.6% in 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 stake in Uranium Energy in the 4th quarter worth approximately $1,007,000. Swiss National Bank grew its position in Uranium Energy by 1.4% in 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. grew its position in Uranium Energy by 239.4% in 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.

Analyst Ratings Changes

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

Uranium Energy Stock Performance

Uranium Energy stock traded down $0.13 during trading hours on Friday, hitting $8.03. The company had a trading volume of 17,596,442 shares, compared to its average volume of 9,524,411. The firm has a market cap of $3.57 billion, a P/E ratio of -47.23 and a beta of 1.42. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The company has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.33.

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.