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

MMCAP International Inc. SPC reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 40.5% in the 4th quarter, Holdings Channel reports. The firm owned 18,157,168 shares of the basic materials company’s stock after selling 12,359,772 shares during the period. Uranium Energy accounts for approximately 18.8% of MMCAP International Inc. SPC’s holdings, making the stock its largest position. MMCAP International Inc. SPC’s holdings in Uranium Energy were worth $121,471,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Uranium Energy by 180.1% during the fourth 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. Farther Finance Advisors LLC raised its position in Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new position in Uranium Energy during the third quarter valued at approximately $33,000. BNP Paribas acquired a new position in shares of Uranium Energy during the third quarter worth $38,000. Finally, National Bank of Canada FI increased its holdings in shares of Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,713 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UEC. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. HC Wainwright upped 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. Finally, National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company.

Uranium Energy Stock Down 3.6 %

NYSEAMERICAN UEC opened at $5.40 on Wednesday. The firm has a market capitalization of $2.28 billion, a P/E ratio of -45.00 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The firm has a fifty day moving average of $6.60.

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.