Teacher Retirement System of Texas Buys Shares of 61,743 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Teacher Retirement System of Texas purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 61,743 shares of the basic materials company's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock worth $195,551,000 after acquiring an additional 423,233 shares in the last quarter. Vanguard Group Inc. raised its position in Uranium Energy by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after buying an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. raised its position in Uranium Energy by 45.9% in the 4th 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 during the last quarter. Norges Bank bought a new position in shares of Uranium Energy in the 4th quarter worth approximately $100,773,000. Finally, Driehaus Capital Management LLC increased its holdings in Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after acquiring an additional 3,259,704 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets started coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 target price on the stock. Five 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 company has a consensus rating of "Buy" and an average price target of $10.13.

Uranium Energy Stock Up 1.8%

UEC stock traded up $0.14 during midday trading on Tuesday, reaching $8.14. 10,552,876 shares of the company's stock traded hands, compared to its average volume of 9,592,175. The company has a 50-day simple moving average of $6.35 and a two-hundred day simple moving average of $6.31. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -47.88 and a beta of 1.42. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-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.