Lake Street Private Wealth LLC Boosts Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Private Wealth LLC lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 64.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 374,808 shares of the basic materials company’s stock after acquiring an additional 146,349 shares during the quarter. Lake Street Private Wealth LLC owned 0.09% of Uranium Energy worth $1,792,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UEC. Barclays PLC lifted its holdings in Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after buying an additional 556,081 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Uranium Energy by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,975 shares of the basic materials company’s stock worth $114,000 after buying an additional 3,150 shares in the last quarter. KBC Group NV lifted its holdings in Uranium Energy by 62.5% during the 4th quarter. KBC Group NV now owns 18,471 shares of the basic materials company’s stock worth $124,000 after buying an additional 7,106 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Uranium Energy during the 4th quarter worth approximately $140,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Uranium Energy during the 4th quarter worth approximately $323,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Trading Down 3.3%

Shares of NYSEAMERICAN:UEC opened at $6.15 on Thursday. The company’s 50 day moving average is $5.22 and its two-hundred day moving average is $6.45. The company has a market cap of $2.60 billion, a PE ratio of -51.25 and a beta of 1.88. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93.

Wall Street Analysts Forecast Growth

UEC has been the topic of a number of research reports. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. BMO Capital Markets assumed coverage on shares of Uranium Energy in a report on Tuesday. They set an “outperform” rating and a $7.75 target price on the stock. National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.13.

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.