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

Manatuck Hill Partners LLC purchased 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 purchased 100,000 shares of the basic materials company's stock, valued at approximately $669,000.

Several other hedge funds also recently modified their holdings of UEC. SG Americas Securities LLC boosted its holdings in Uranium Energy by 107.6% in the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock valued at $2,350,000 after acquiring an additional 182,016 shares during the last quarter. Van ECK Associates Corp boosted its stake in Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after acquiring an additional 1,645,919 shares in the last quarter. Barclays PLC increased its stake in Uranium Energy by 394.5% in the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock valued at $4,329,000 after purchasing an additional 556,081 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Uranium Energy during the fourth quarter valued at about $323,000. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Uranium Energy by 113.6% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock worth $1,184,000 after purchasing an additional 91,665 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. National Bank Financial assumed 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. 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. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Uranium Energy currently has an average rating of "Buy" and a consensus price target of $10.60.

Uranium Energy Stock Up 5.3 %

Shares of NYSEAMERICAN:UEC traded up $0.30 during midday trading on Wednesday, reaching $5.85. 5,641,310 shares of the company traded hands, compared to its average volume of 7,780,282. The firm's fifty day moving average price is $5.03 and its two-hundred day moving average price is $6.49. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -48.46 and a beta of 1.88. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93.

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.