Shell Asset Management Co. Has $1.18 Million Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Shell Asset Management Co. trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 48.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,916 shares of the basic materials company's stock after selling 164,684 shares during the quarter. Shell Asset Management Co.'s holdings in Uranium Energy were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after acquiring an additional 182,016 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock valued at $44,174,000 after purchasing an additional 1,645,919 shares during the last quarter. Barclays PLC lifted its holdings in shares of Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock valued at $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Uranium Energy in the 4th quarter valued at $323,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in Uranium Energy by 113.6% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock worth $1,184,000 after purchasing an additional 91,665 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Price Performance

UEC traded up $1.19 on Friday, reaching $6.35. 36,043,830 shares of the company traded hands, compared to its average volume of 8,685,954. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -53.06 and a beta of 1.88. The stock's 50 day moving average price is $5.07 and its 200-day moving average price is $6.42. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93.

Analyst Ratings Changes

A number of research firms have commented on UEC. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial started coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target on the stock. HC Wainwright reaffirmed 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 shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Four 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 data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $10.60.

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.