Wellington Management Group LLP Sells 65,751 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wellington Management Group LLP reduced its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 9.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 660,860 shares of the basic materials company's stock after selling 65,751 shares during the period. Wellington Management Group LLP owned approximately 0.16% of Uranium Energy worth $4,421,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UEC. Harbour Investments Inc. raised its holdings in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after buying an additional 3,515 shares during the last quarter. Generali Investments Management Co LLC bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $30,000. Altshuler Shaham Ltd purchased a new stake in Uranium Energy in the fourth quarter worth $67,000. Summit X LLC bought a new stake in Uranium Energy in the fourth quarter valued at $69,000. Finally, SLT Holdings LLC bought a new position in Uranium Energy in the 4th quarter worth $70,000. Institutional investors own 62.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UEC shares. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research report on Wednesday, March 12th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. 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 for the company. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, HC Wainwright reiterated a "buy" rating and set a $12.25 price target on shares of Uranium Energy in a research note on Thursday, March 13th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Uranium Energy presently has a consensus rating of "Buy" and a consensus target price of $10.13.

Uranium Energy Trading Up 2.5%

NYSEAMERICAN UEC traded up $0.15 on Friday, reaching $6.27. 8,479,089 shares of the stock were exchanged, compared to its average volume of 8,588,628. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The firm has a market capitalization of $2.65 billion, a PE ratio of -52.25 and a beta of 1.88. The company's 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $6.45.

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.