XTX Topco Ltd Takes $1.24 Million Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

XTX Topco Ltd purchased a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 185,748 shares of the basic materials company's stock, valued at approximately $1,243,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in Uranium Energy by 107.6% during the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after purchasing an additional 182,016 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Uranium Energy by 33.2% during 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 acquiring an additional 1,645,919 shares during the last quarter. Barclays PLC lifted its holdings in Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after acquiring an additional 556,081 shares during the period. Strategic Financial Concepts LLC purchased a new position in Uranium Energy in the fourth quarter worth $323,000. Finally, Riggs Asset Managment Co. Inc. grew its stake in Uranium Energy by 113.6% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock valued at $1,184,000 after purchasing an additional 91,665 shares during the period. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Performance

UEC traded up $0.23 during midday trading on Friday, hitting $5.05. The stock had a trading volume of 7,017,906 shares, compared to its average volume of 7,720,929. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93. The business has a fifty day moving average of $5.36 and a 200 day moving average of $6.56. The company has a market cap of $2.14 billion, a P/E ratio of -42.08 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on UEC shares. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a report on Wednesday, March 12th. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. National Bank Financial began coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price for the company. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, HC Wainwright restated a "buy" rating and set a $12.25 price target on shares of Uranium Energy in a research note 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 MarketBeat.com, Uranium Energy currently has an average rating of "Buy" and a consensus target price of $10.60.

Uranium Energy Company 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.