Lighthouse Investment Partners LLC Buys Shares of 50,000 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lighthouse Investment Partners LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 50,000 shares of the basic materials company’s stock, valued at approximately $334,000.

Other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in Uranium Energy by 947.4% during 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 period. GAMMA Investing LLC boosted 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 valued at $29,000 after purchasing an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Uranium Energy in the 4th quarter worth approximately $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its stake 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 bought a new stake in shares of Uranium Energy in the 4th quarter worth approximately $67,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Uranium Energy stock opened at $5.67 on Thursday. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93. The firm has a market cap of $2.40 billion, a PE ratio of -47.25 and a beta of 1.88. The firm’s 50 day moving average price is $5.06 and its two-hundred day moving average price is $6.45.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a report on Wednesday, March 12th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.