MMCAP International Inc. SPC Has $121.47 Million Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

MMCAP International Inc. SPC lessened its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 40.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,157,168 shares of the basic materials company’s stock after selling 12,359,772 shares during the period. Uranium Energy comprises 18.8% of MMCAP International Inc. SPC’s holdings, making the stock its largest position. MMCAP International Inc. SPC owned approximately 4.29% of Uranium Energy worth $121,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of UEC. Van ECK Associates Corp increased its position in shares of Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Uranium Energy in the third quarter valued at about $12,643,000. Segra Capital Management LLC increased its position in shares of Uranium Energy by 81.0% in the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after acquiring an additional 1,806,529 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Uranium Energy by 712.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after buying an additional 1,597,108 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Uranium Energy during the third quarter worth approximately $4,512,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 3.6 %

Shares of NYSEAMERICAN:UEC opened at $5.40 on Wednesday. The company has a market capitalization of $2.28 billion, a PE ratio of -45.00 and a beta of 1.88. The stock’s 50 day moving average price is $6.60. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93.

Analysts Set New Price Targets

UEC has been the topic of a number of recent analyst reports. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, HC Wainwright boosted their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

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.