Marshall Wace LLP Sells 1,146,315 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Marshall Wace LLP lowered its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 49.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,177,959 shares of the basic materials company's stock after selling 1,146,315 shares during the period. Marshall Wace LLP owned 0.28% of Uranium Energy worth $7,881,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after purchasing an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock valued at $105,988,000 after buying an additional 4,982,949 shares during the period. Norges Bank acquired a new stake in shares of Uranium Energy in the fourth quarter valued at about $100,773,000. Van ECK Associates Corp increased its stake in shares of Uranium Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock valued at $44,174,000 after buying an additional 1,645,919 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Uranium Energy by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,409,129 shares of the basic materials company's stock valued at $22,807,000 after buying an additional 88,633 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UEC. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. HC Wainwright reissued a "buy" rating and issued a $12.25 price target on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 price target on 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. 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 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Uranium Energy presently has an average rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Stock Up 2.8 %

NYSEAMERICAN:UEC traded up $0.15 on Monday, hitting $5.42. The stock had a trading volume of 7,560,368 shares, compared to its average volume of 7,775,004. The business's fifty day moving average is $5.14 and its 200 day moving average is $6.52. The company has a market cap of $2.29 billion, a PE ratio of -45.17 and a beta of 1.88. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93.

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.