Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Uranium Energy Corp. $UEC

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 41.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,809,150 shares of the basic materials company’s stock after acquiring an additional 526,028 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.41% of Uranium Energy worth $12,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Uranium Energy by 732.8% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,503 shares during the period. Oarsman Capital Inc. increased its position in Uranium Energy by 900.0% during the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 9,000 shares in the last quarter. Teza Capital Management LLC purchased a new position in Uranium Energy in the first quarter valued at approximately $49,000. Russell Investments Group Ltd. raised its holdings in Uranium Energy by 3,198.9% in the first quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock valued at $55,000 after buying an additional 11,196 shares during the period. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in Uranium Energy during the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of UEC stock opened at $11.98 on Thursday. The company’s fifty day moving average price is $13.46 and its two-hundred day moving average price is $9.78. The firm has a market capitalization of $5.79 billion, a P/E ratio of -70.47 and a beta of 1.40. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $17.80.

Wall Street Analyst Weigh In

UEC has been the subject of several recent research reports. Canaccord Genuity Group set a $17.50 price objective on shares of Uranium Energy and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Stifel Nicolaus initiated coverage on Uranium Energy in a report on Monday, October 6th. They issued a “buy” rating and a $10.50 price target for the company. Roth Capital boosted their price objective on Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Zacks Research downgraded Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, TD Securities increased their target price on Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.19.

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.