The Manufacturers Life Insurance Company Has $6.46 Million Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

The Manufacturers Life Insurance Company lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 964,917 shares of the basic materials company's stock after selling 856,339 shares during the period. The Manufacturers Life Insurance Company owned about 0.23% of Uranium Energy worth $6,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC grew its holdings in Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock valued at $2,350,000 after purchasing an additional 182,016 shares in the last quarter. Van ECK Associates Corp increased its holdings in Uranium Energy by 33.2% during 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 purchasing an additional 1,645,919 shares during the last quarter. Barclays PLC boosted its stake in Uranium Energy by 394.5% during the 3rd 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 last quarter. 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. lifted its position in shares of Uranium Energy by 113.6% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock worth $1,184,000 after purchasing an additional 91,665 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UEC. HC Wainwright restated a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, 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 target price for the company. Four 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, Uranium Energy has a consensus rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Price Performance

Shares of UEC traded down $0.02 during trading hours on Monday, hitting $5.69. 2,335,020 shares of the company were exchanged, compared to its average volume of 7,876,943. The firm has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $6.47. The company has a market capitalization of $2.41 billion, a PE ratio of -47.38 and a beta of 1.88. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93.

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.