Manatuck Hill Partners LLC Makes New $669,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Manatuck Hill Partners LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the basic materials company's stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV bought a new stake in Uranium Energy during the 4th quarter worth approximately $337,000. Comerica Bank boosted its stake in Uranium Energy by 588,137.9% in the fourth quarter. Comerica Bank now owns 170,589 shares of the basic materials company's stock worth $1,141,000 after purchasing an additional 170,560 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Uranium Energy during the fourth quarter worth $6,894,000. Northern Trust Corp increased its stake in shares of Uranium Energy by 6.4% in the fourth quarter. Northern Trust Corp now owns 4,028,138 shares of the basic materials company's stock valued at $26,948,000 after buying an additional 240,767 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of Uranium Energy in the fourth quarter valued at about $568,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Up 0.2 %

Shares of NYSEAMERICAN:UEC traded up $0.01 during midday trading on Friday, hitting $5.28. The company had a trading volume of 8,778,329 shares, compared to its average volume of 7,763,276. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $6.50. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -44.00 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UEC shares. Stifel Nicolaus set a $10.50 price objective on shares of 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 report on Tuesday, March 11th. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price for the company. Finally, 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. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.60.

About Uranium Energy

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.