Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,093 shares of the basic materials company's stock after selling 118,702 shares during the quarter. Tower Research Capital LLC TRC's holdings in Uranium Energy were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UEC. Harbour Investments Inc. grew its position in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after purchasing an additional 3,515 shares during the period. GAMMA Investing LLC grew its holdings in 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. Generali Investments Management Co LLC acquired a new stake in Uranium Energy during the fourth quarter worth about $30,000. Stonehage Fleming Financial Services Holdings Ltd raised its position in Uranium Energy by 21.1% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Total Wealth Planning LLC acquired a new position in Uranium Energy in the fourth quarter valued at approximately $67,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of UEC stock traded up $0.01 on Friday, reaching $5.28. 8,778,329 shares of the company were exchanged, compared to its average volume of 7,763,276. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -44.00 and a beta of 1.88. 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 moving average price of $5.04 and a 200 day moving average price of $6.50.

Wall Street Analyst Weigh In

UEC has been the topic of a number of analyst reports. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada raised 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 note on Wednesday, February 12th. HC Wainwright restated a "buy" rating and issued a $12.25 price target on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.