Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Position Reduced by Marshall Wace LLP

Marshall Wace LLP decreased its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 49.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,177,959 shares of the basic materials company’s stock after selling 1,146,315 shares during the quarter. Marshall Wace LLP owned 0.28% of Uranium Energy worth $7,881,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UEC. Harbour Investments Inc. lifted its holdings in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC acquired a new stake in shares of Uranium Energy during the 4th quarter worth approximately $30,000. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Total Wealth Planning LLC acquired a new position in Uranium Energy during the 4th quarter valued at approximately $67,000. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on UEC shares. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Uranium Energy currently has a consensus rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Stock Up 1.7 %

UEC stock opened at $4.84 on Wednesday. The company has a 50-day simple moving average of $5.27 and a 200 day simple moving average of $6.55. The company has a market capitalization of $2.05 billion, a P/E ratio of -40.33 and a beta of 1.88. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week 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.