Advisory Alpha LLC Invests $186,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Advisory Alpha LLC bought a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 27,763 shares of the basic materials company’s stock, valued at approximately $186,000.

Other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Uranium Energy in the 3rd quarter worth approximately $12,643,000. Van ECK Associates Corp boosted its position in 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 worth $30,783,000 after purchasing an additional 2,171,468 shares during the last quarter. Intech Investment Management LLC bought a new position in Uranium Energy in the 3rd quarter valued at $600,000. Barclays PLC increased its position in shares of Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 1,597,108 shares during the period. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright lifted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

Uranium Energy Price Performance

UEC stock opened at $8.01 on Friday. The company has a 50 day moving average price of $6.62. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of -66.75 and a beta of 1.89. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93.

About Uranium Energy

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.