Victory Capital Management Inc. Acquires 3,235,394 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Victory Capital Management Inc. increased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 120.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,930,920 shares of the basic materials company's stock after purchasing an additional 3,235,394 shares during the period. Victory Capital Management Inc. owned 1.40% of Uranium Energy worth $28,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted 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 worth $130,000 after purchasing an additional 1,710 shares during the last quarter. Arizona State Retirement System raised its position in Uranium Energy by 1.6% in the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company's stock valued at $580,000 after purchasing an additional 1,962 shares during the period. Farther Finance Advisors LLC lifted its stake in Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after acquiring an additional 2,364 shares in the last quarter. Xponance Inc. lifted its position in shares of Uranium Energy by 7.7% during the first quarter. Xponance Inc. now owns 33,240 shares of the basic materials company's stock worth $159,000 after purchasing an additional 2,385 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Uranium Energy by 6.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company's stock valued at $279,000 after buying an additional 2,570 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Up 1.8%

Shares of UEC traded up $0.14 during mid-day trading on Tuesday, reaching $8.14. The company's stock had a trading volume of 10,547,763 shares, compared to its average volume of 9,574,575. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -47.88 and a beta of 1.42. The business has a fifty day moving average of $6.35 and a 200 day moving average of $6.31. 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.