Advisory Alpha LLC Purchases Shares of 27,763 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Advisory Alpha LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,763 shares of the basic materials company’s stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also modified their holdings of UEC. Nisa Investment Advisors LLC boosted its holdings in Uranium Energy by 50.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,042 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 6,723 shares during the period. Ballentine Partners LLC lifted its position in shares of Uranium Energy by 11.7% during the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,795 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in Uranium Energy in the fourth quarter valued at about $1,528,000. Total Wealth Planning LLC bought a new position in Uranium Energy in the fourth quarter valued at about $67,000. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Uranium Energy by 18.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,070 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 2,544 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Down 2.3 %

UEC stock opened at $8.01 on Friday. The stock’s 50-day moving average is $6.62. The company has a market cap of $3.39 billion, a PE ratio of -66.75 and a beta of 1.89. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.93.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright boosted their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research 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.