Wedbush Securities Inc. Has $207,000 Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wedbush Securities Inc. decreased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 78.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,908 shares of the basic materials company's stock after selling 115,492 shares during the period. Wedbush Securities Inc.'s holdings in Uranium Energy were worth $207,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Uranium Energy during the fourth quarter worth about $223,000. Wells Fargo & Company MN grew its position in Uranium Energy by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 753,643 shares of the basic materials company's stock worth $5,042,000 after purchasing an additional 98,130 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $448,000. Cinctive Capital Management LP bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $1,342,000. Finally, Headlands Technologies LLC raised its stake in Uranium Energy by 177.7% during the 4th quarter. Headlands Technologies LLC now owns 110,130 shares of the basic materials company's stock valued at $737,000 after acquiring an additional 70,466 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Up 10.5 %

Shares of UEC stock traded up $0.49 during trading hours on Wednesday, reaching $5.10. 3,918,885 shares of the stock traded hands, compared to its average volume of 8,233,686. The business has a fifty day moving average price of $5.48 and a 200 day moving average price of $6.59. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The firm has a market capitalization of $2.16 billion, a PE ratio of -42.46 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. HC Wainwright reissued a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. National Bank Financial began coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target on the stock. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus set a $10.50 target price on Uranium Energy in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Uranium Energy has an average rating of "Buy" and an average target price 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.