Strategic Financial Concepts LLC Acquires Shares of 48,275 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Strategic Financial Concepts LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 48,275 shares of the basic materials company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. lifted its stake in Uranium Energy by 113.6% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company’s stock worth $1,184,000 after purchasing an additional 91,665 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Uranium Energy during the fourth quarter worth approximately $140,000. Clear Creek Financial Management LLC lifted its position in shares of Uranium Energy by 77.6% during the 4th quarter. Clear Creek Financial Management LLC now owns 22,177 shares of the basic materials company’s stock worth $148,000 after buying an additional 9,690 shares during the last quarter. KBC Group NV boosted its holdings in shares of Uranium Energy by 62.5% in the 4th quarter. KBC Group NV now owns 18,471 shares of the basic materials company’s stock valued at $124,000 after buying an additional 7,106 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd grew its position 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 valued at $53,000 after buying an additional 1,370 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Up 2.5 %

Shares of UEC opened at $7.06 on Thursday. The firm has a market capitalization of $2.99 billion, a P/E ratio of -58.83 and a beta of 1.88. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.93. The business’s 50-day simple moving average is $6.64.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UEC shares. Roth Mkm restated a “buy” rating and issued a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. National Bank Financial began coverage on Uranium Energy in a report on Wednesday. They issued an “outperform” rating and a $10.00 target price for the company. HC Wainwright raised their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday.

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.