Palo Duro Investment Partners LP Sells 2,780 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Palo Duro Investment Partners LP cut its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,994 shares of the basic materials company’s stock after selling 2,780 shares during the quarter. Uranium Energy comprises approximately 0.0% of Palo Duro Investment Partners LP’s holdings, making the stock its 18th biggest position. Palo Duro Investment Partners LP’s holdings in Uranium Energy were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Holdings Inc. bought a new position in Uranium Energy during the fourth quarter worth $76,000. Nuveen Asset Management LLC boosted its position in Uranium Energy by 47.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,557,012 shares of the basic materials company’s stock worth $10,416,000 after purchasing an additional 504,471 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Uranium Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after acquiring an additional 423,233 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Uranium Energy in the fourth quarter valued at about $109,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Uranium Energy in the fourth quarter valued at about $334,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Up 1.8%

NYSEAMERICAN UEC opened at $5.63 on Wednesday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a market capitalization of $2.38 billion, a P/E ratio of -46.92 and a beta of 1.88. The business has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $6.46.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UEC. HC Wainwright reissued a “buy” rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. 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. Finally, 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. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Uranium Energy presently has an average rating of “Buy” and an average 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.