Janney Montgomery Scott LLC Increases Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Janney Montgomery Scott LLC raised its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,975 shares of the basic materials company’s stock after buying an additional 3,150 shares during the period. Janney Montgomery Scott LLC’s holdings in Uranium Energy were worth $114,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UEC. Van ECK Associates Corp boosted its position in shares of Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after buying an additional 2,171,468 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Uranium Energy in the third quarter valued at approximately $12,643,000. Segra Capital Management LLC boosted its holdings in shares of Uranium Energy by 81.0% in the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after purchasing an additional 1,806,529 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Uranium Energy by 712.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Uranium Energy in the third quarter valued at approximately $4,512,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UEC. National Bank Financial began coverage on Uranium Energy in a report on Wednesday. They issued an “outperform” rating and a $10.00 price target for the company. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday. HC Wainwright boosted their price target on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Stock Down 1.1 %

Shares of NYSEAMERICAN:UEC opened at $6.98 on Friday. The company has a market capitalization of $2.95 billion, a P/E ratio of -58.17 and a beta of 1.88. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The business has a 50 day simple moving average of $6.64.

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.