Nuveen Asset Management LLC Raises Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Nuveen Asset Management LLC increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,557,012 shares of the basic materials company's stock after purchasing an additional 504,471 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.37% of Uranium Energy worth $10,416,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Uranium Energy by 1.5% during the 4th 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 buying an additional 423,233 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after acquiring an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock worth $105,988,000 after acquiring an additional 4,982,949 shares during the last quarter. Norges Bank acquired a new position in shares of Uranium Energy during the fourth quarter valued at about $100,773,000. Finally, Driehaus Capital Management LLC raised its position in shares of 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 valued at $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 4.8%

Shares of NYSEAMERICAN:UEC traded down $0.30 during trading on Thursday, hitting $6.01. 15,476,823 shares of the stock traded hands, compared to its average volume of 8,434,190. The company has a fifty day moving average price of $5.16 and a two-hundred day moving average price of $6.43. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -50.08 and a beta of 1.88.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price on the stock. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an "outperform" rating in a report on Wednesday, February 12th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, HC Wainwright restated a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $10.60.

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.