Vident Advisory LLC Sells 380,107 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Vident Advisory LLC lessened its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,214,448 shares of the basic materials company's stock after selling 380,107 shares during the period. Vident Advisory LLC owned about 0.52% of Uranium Energy worth $14,815,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UEC. Harbour Investments Inc. boosted its position in shares of 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 purchasing an additional 3,515 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Uranium Energy during the 4th quarter valued at about $30,000. Stonehage Fleming Financial Services Holdings Ltd boosted its position in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 1,370 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Uranium Energy during the 4th quarter valued at about $67,000. Finally, Summit X LLC bought a new stake in shares of Uranium Energy during the 4th quarter valued at about $69,000. Institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UEC shares. HC Wainwright reiterated a "buy" rating and issued a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, National Bank Financial initiated coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Price Performance

Shares of Uranium Energy stock traded down $0.10 during trading hours on Thursday, reaching $5.16. The company had a trading volume of 11,531,496 shares, compared to its average volume of 7,987,882. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The business has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $6.42. The firm has a market cap of $2.18 billion, a PE ratio of -43.00 and a beta of 1.88.

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.