SG Americas Securities LLC Lowers Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

SG Americas Securities LLC lessened its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 82.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,148 shares of the basic materials company's stock after selling 289,085 shares during the quarter. SG Americas Securities LLC's holdings in Uranium Energy were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. US Bancorp DE boosted its position in shares of Uranium Energy by 7.7% in the fourth 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 during the last quarter. Arizona State Retirement System raised its stake in Uranium Energy by 1.4% during the fourth 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 during the period. Sei Investments Co. boosted its holdings in shares of Uranium Energy by 9.7% in the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after purchasing an additional 1,710 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of Uranium Energy by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company's stock valued at $279,000 after buying an additional 2,570 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a report on Wednesday, March 12th. BMO Capital Markets began coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price objective on the stock. Finally, HC Wainwright reissued a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. 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 MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $10.13.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $7.05 on Friday. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -41.47 and a beta of 1.39. The business has a 50-day moving average of $5.86 and a 200-day moving average of $6.47.

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.

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