Lake Street Private Wealth LLC Boosts Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Private Wealth LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 64.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,808 shares of the basic materials company's stock after purchasing an additional 146,349 shares during the quarter. Lake Street Private Wealth LLC owned approximately 0.09% of Uranium Energy worth $1,792,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. grew its holdings in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after acquiring an additional 3,515 shares during the period. Generali Investments Management Co LLC acquired a new stake in shares of Uranium Energy in the 4th quarter worth about $30,000. Versant Capital Management Inc purchased a new stake in Uranium Energy in the 1st quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new stake in Uranium Energy in the 4th quarter valued at about $67,000. Finally, Summit X LLC purchased a new stake in Uranium Energy in the 4th quarter valued at about $69,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC traded up $0.15 during midday trading on Friday, reaching $6.27. The stock had a trading volume of 8,487,104 shares, compared to its average volume of 8,610,779. The stock has a 50-day moving average of $5.28 and a 200-day moving average of $6.48. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -52.25 and a beta of 1.88. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. HC Wainwright reiterated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bank Financial started coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price on the stock. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average 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.