Polar Asset Management Partners Inc. Purchases New Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Polar Asset Management Partners Inc. purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 361,021 shares of the basic materials company's stock, valued at approximately $2,415,000. Polar Asset Management Partners Inc. owned approximately 0.09% of Uranium Energy as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $100,773,000. JPMorgan Chase & Co. lifted its holdings in shares of Uranium Energy by 45.9% during the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock valued at $105,988,000 after purchasing an additional 4,982,949 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Uranium Energy by 239.4% during the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock valued at $45,036,000 after purchasing an additional 4,748,138 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Uranium Energy by 52.2% in the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock valued at $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. Finally, Emerald Advisers LLC bought a new position in Uranium Energy in the fourth quarter valued at approximately $11,114,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Price Performance

NYSEAMERICAN:UEC traded up $0.03 during trading hours on Tuesday, hitting $5.19. The company had a trading volume of 10,601,537 shares, compared to its average volume of 7,936,834. The company has a market capitalization of $2.20 billion, a PE ratio of -43.25 and a beta of 1.88. The stock has a 50-day moving average price of $5.08 and a 200 day moving average price of $6.44. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research note on Wednesday, March 12th. 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 on the stock. Four 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 currently has an average rating of "Buy" and an average target price 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.