361,021 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 361,021 shares of the basic materials company's stock, valued at approximately $2,415,000. Polar Asset Management Partners Inc. owned 0.09% of Uranium Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Uranium Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock valued at $195,551,000 after purchasing an additional 423,233 shares during the period. Vanguard Group Inc. increased its position in shares of Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after buying an additional 631,929 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 4,982,949 shares in the last quarter. Norges Bank purchased a new stake in Uranium Energy in the fourth quarter worth about $100,773,000. Finally, Driehaus Capital Management LLC boosted its position in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock valued at $63,554,000 after acquiring an additional 3,259,704 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a research report on Wednesday, March 12th. HC Wainwright reaffirmed a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Trading Down 1.3%

Shares of NYSEAMERICAN:UEC traded down $0.08 during mid-day trading on Friday, reaching $5.93. The stock had a trading volume of 12,807,920 shares, compared to its average volume of 8,451,639. The business's 50 day moving average price is $5.16 and its 200 day moving average price is $6.43. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The company has a market cap of $2.51 billion, a P/E ratio of -49.42 and a beta of 1.88.

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.