SG Americas Securities LLC Sells 289,085 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

SG Americas Securities LLC reduced its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 82.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period.

Several other large investors have also bought and sold shares of the business. American Century Companies Inc. boosted its position in Uranium Energy by 194.6% in 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 in the last quarter. D.A. Davidson & CO. bought a new position in shares of Uranium Energy in the 4th quarter valued at $188,000. New York State Common Retirement Fund boosted its holdings in shares of Uranium Energy by 12.9% during the 4th quarter. New York State Common Retirement Fund now owns 123,549 shares of the basic materials company's stock valued at $827,000 after acquiring an additional 14,100 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Uranium Energy during the 4th quarter worth $3,947,000. Finally, Raymond James Financial Inc. acquired a new position in Uranium Energy in the 4th quarter worth about $1,007,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Trading Up 1.3%

Shares of NYSEAMERICAN:UEC traded up $0.09 during mid-day trading on Monday, hitting $6.80. 10,793,462 shares of the company traded hands, compared to its average volume of 9,038,949. The stock has a 50-day moving average price of $5.94 and a two-hundred day moving average price of $6.43. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93. The stock has a market cap of $3.02 billion, a P/E ratio of -40.00 and a beta of 1.39.

Analyst Upgrades and Downgrades

UEC has been the topic of several analyst reports. HC Wainwright reissued a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Finally, Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research report on Wednesday, March 12th. 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, the company presently has an average rating of "Buy" and an average price target 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.