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

Numerai GP LLC reduced 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 filing with the Securities & Exchange Commission. 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.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Uranium Energy by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock worth $195,551,000 after purchasing an additional 423,233 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after acquiring an additional 631,929 shares during the period. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 4,982,949 shares during the period. Norges Bank purchased a new stake in Uranium Energy in the 4th quarter worth approximately $100,773,000. Finally, Driehaus Capital Management LLC raised its stake in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after acquiring an additional 3,259,704 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Trading Down 2.9%

Shares of NYSEAMERICAN:UEC traded down $0.16 during trading on Thursday, reaching $5.11. The company's stock had a trading volume of 3,438,259 shares, compared to its average volume of 7,945,510. The stock has a market capitalization of $2.16 billion, a PE ratio of -42.63 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 firm's 50 day simple moving average is $5.08 and its two-hundred day simple moving average is $6.42.

Analyst Ratings Changes

UEC has been the topic of several research analyst reports. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target for the company. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, HC Wainwright reiterated a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Four 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 data from MarketBeat.com, Uranium Energy has an average rating of "Buy" and a consensus 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.