Graham Capital Management L.P. Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Graham Capital Management L.P. bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 167,309 shares of the basic materials company's stock, valued at approximately $1,119,000.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after acquiring an additional 556,081 shares during the period. Tidal Investments LLC raised its holdings in shares of Uranium Energy by 11.1% during the third quarter. Tidal Investments LLC now owns 72,402 shares of the basic materials company's stock worth $450,000 after acquiring an additional 7,220 shares during the period. GAMMA Investing LLC raised its holdings in shares of Uranium Energy by 180.1% during the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,789 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Uranium Energy during the fourth quarter worth $1,132,000. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Uranium Energy by 18.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 16,070 shares of the basic materials company's stock worth $108,000 after acquiring an additional 2,544 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Price Performance

UEC stock traded down $0.33 during trading on Friday, reaching $5.29. 9,289,011 shares of the company were exchanged, compared to its average volume of 7,925,840. The company has a 50-day moving average of $5.08 and a two-hundred day moving average of $6.44. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -44.08 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research report on Wednesday, March 12th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, National Bank Financial assumed coverage on shares of Uranium Energy in a research report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Uranium Energy presently has an average rating of "Buy" and a consensus price target 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.