Shell Asset Management Co. Sells 164,684 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Shell Asset Management Co. lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 48.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,916 shares of the basic materials company's stock after selling 164,684 shares during the period. 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 hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted 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 purchasing an additional 3,515 shares during the last quarter. Generali Investments Management Co LLC bought a new position in Uranium Energy during the 4th quarter worth $30,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after buying an additional 1,370 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Uranium Energy during the fourth quarter worth $67,000. Finally, Summit X LLC bought a new stake in shares of Uranium Energy in the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Uranium Energy Stock Performance

Shares of Uranium Energy stock traded up $0.07 on Wednesday, reaching $5.26. 11,248,223 shares of the stock were exchanged, compared to its average volume of 7,961,244. The firm has a market cap of $2.23 billion, a PE ratio of -43.83 and a beta of 1.88. The firm's 50 day moving average is $5.08 and its 200-day moving average is $6.43. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93.

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.