Bridgewater Associates LP Has $9 Million Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bridgewater Associates LP trimmed its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,345,352 shares of the basic materials company's stock after selling 2,189,184 shares during the quarter. Bridgewater Associates LP owned about 0.32% of Uranium Energy worth $9,000,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of 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 buying an additional 182,016 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after buying an additional 1,645,919 shares during the last quarter. Barclays PLC boosted 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 acquiring an additional 556,081 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Uranium Energy during the fourth quarter worth about $323,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Uranium Energy by 113.6% in 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 buying an additional 91,665 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

Shares of Uranium Energy stock traded up $0.10 during midday trading on Tuesday, hitting $4.86. The company had a trading volume of 1,342,286 shares, compared to its average volume of 7,693,603. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The business's 50 day simple moving average is $5.31 and its two-hundred day simple moving average is $6.55. The stock has a market cap of $2.05 billion, a PE ratio of -40.38 and a beta of 1.88.

Analyst Ratings Changes

UEC has been the topic of several recent analyst reports. National Bankshares set a $10.00 target price on 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 research note on Wednesday, March 12th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. HC Wainwright reaffirmed 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 started coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target 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.