First Trust Advisors LP Decreases Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

First Trust Advisors LP decreased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 77.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,086 shares of the basic materials company's stock after selling 63,384 shares during the period. First Trust Advisors LP's holdings in Uranium Energy were worth $121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Uranium Energy by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,091,390 shares of the basic materials company's stock valued at $40,756,000 after acquiring an additional 610,392 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $67,000. Rossby Financial LCC bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $161,000. XTX Topco Ltd bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $1,243,000. Finally, Mariner LLC increased its position in shares of Uranium Energy by 15.4% during the fourth quarter. Mariner LLC now owns 37,743 shares of the basic materials company's stock valued at $253,000 after acquiring an additional 5,049 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Performance

Shares of Uranium Energy stock traded down $0.27 on Friday, hitting $5.36. 1,734,805 shares of the company's stock were exchanged, compared to its average volume of 7,902,974. The company has a 50-day simple moving average of $5.07 and a 200-day simple moving average of $6.45. The stock has a market capitalization of $2.27 billion, a PE ratio of -44.71 and a beta of 1.88. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93.

Analyst Upgrades and Downgrades

UEC has been the topic of several research reports. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price on the stock. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, HC Wainwright restated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Four equities research 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 has a consensus rating of "Buy" and an average target price 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.