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

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

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Uranium Energy during the 4th quarter worth approximately $100,773,000. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 4,982,949 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Uranium Energy by 239.4% in the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after purchasing an additional 4,748,138 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in Uranium Energy by 52.2% in the fourth 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 period. Finally, Emerald Advisers LLC bought a new position in Uranium Energy during the 4th quarter worth $11,114,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Up 3.2%

Shares of UEC stock traded up $0.27 during mid-day trading on Thursday, reaching $8.77. 14,891,990 shares of the company's stock traded hands, compared to its average volume of 13,505,421. The company's 50-day moving average price is $6.51 and its 200-day moving average price is $6.31. The company has a market cap of $3.90 billion, a P/E ratio of -51.59 and a beta of 1.42. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month 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.