Numerai GP LLC Sells 103,046 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Numerai GP LLC lowered its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,257 shares of the basic materials company's stock after selling 103,046 shares during the quarter. Numerai GP LLC's holdings in Uranium Energy were worth $95,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UEC. Harbour Investments Inc. increased its stake 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 in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Uranium Energy during the fourth quarter worth about $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after acquiring an additional 1,370 shares in the last quarter. Total Wealth Planning LLC acquired a new position in Uranium Energy during the fourth quarter worth $67,000. Finally, Altshuler Shaham Ltd acquired a new position in Uranium Energy during the fourth quarter worth $67,000. Institutional investors own 62.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. HC Wainwright restated a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note 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 target price on the stock. Finally, Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Price Performance

Shares of UEC stock traded up $0.03 during trading hours on Tuesday, reaching $5.19. The company had a trading volume of 10,601,537 shares, compared to its average volume of 7,941,833. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -43.25 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. The business has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $6.44.

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.