Renaissance Technologies LLC Takes $8.52 Million Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Renaissance Technologies LLC purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,274,066 shares of the basic materials company's stock, valued at approximately $8,524,000. Renaissance Technologies LLC owned about 0.30% of Uranium Energy at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. raised its holdings in Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy during the 4th quarter worth approximately $30,000. Stonehage Fleming Financial Services Holdings Ltd boosted its position in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after buying an additional 1,370 shares during the period. Finally, Total Wealth Planning LLC purchased a new position in Uranium Energy in the 4th quarter valued at approximately $67,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 6.8 %

NYSEAMERICAN:UEC traded up $0.33 during trading hours on Wednesday, hitting $5.17. The stock had a trading volume of 2,086,582 shares, compared to its average volume of 7,701,290. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The business has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $6.55. The company has a market cap of $2.19 billion, a PE ratio of -43.08 and a beta of 1.88.

Analysts Set New Price Targets

A number of analysts recently issued reports on UEC shares. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research report on Wednesday, March 12th. National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective 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 research report on Wednesday, February 12th. Finally, HC Wainwright reissued a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.60.

Uranium Energy 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.