Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Uranium Energy Corp. by 5.7%, holding a total of $6.13 million in shares after selling 77,169 shares in the first quarter.
• Institutional investors own 62.28% of Uranium Energy Corp., with significant increases in stakes from firms like JPMorgan Chase & Co. and Ameriprise Financial during the fourth quarter.
• BMO Capital Markets initiated coverage with an "outperform" rating and a target price of $7.75, amidst a consensus rating of "Buy" and an average price target of $10.13 from five investment analysts.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,283,122 shares of the basic materials company's stock after selling 77,169 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.30% of Uranium Energy worth $6,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Uranium Energy during the 4th quarter worth $1,007,000. Xponance Inc. boosted its position in Uranium Energy by 17.3% during the fourth quarter. Xponance Inc. now owns 30,855 shares of the basic materials company's stock worth $206,000 after acquiring an additional 4,559 shares during the last quarter. American Century Companies Inc. grew its stake in Uranium Energy by 194.6% during the 4th quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock valued at $7,649,000 after acquiring an additional 755,285 shares in the last quarter. Sei Investments Co. grew its stake in Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 1,710 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Uranium Energy in the 4th quarter valued at about $563,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets assumed coverage on Uranium Energy in a report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target for the company. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Uranium Energy has an average rating of "Buy" and a consensus target price of $10.13.

Uranium Energy Stock Up 0.9%

Shares of Uranium Energy stock traded up $0.08 during trading on Monday, reaching $8.99. The company's stock had a trading volume of 12,410,910 shares, compared to its average volume of 10,825,489. The business has a 50 day moving average price of $6.65 and a 200-day moving average price of $6.29. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $9.09. The company has a market capitalization of $3.99 billion, a P/E ratio of -52.88 and a beta of 1.42.

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.