Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 198,334 shares of the basic materials company’s stock after selling 14,971 shares during the quarter. Corebridge Financial Inc.’s holdings in Uranium Energy were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,789 shares during the period. Generali Investments Management Co LLC bought a new stake in shares of Uranium Energy during the 4th quarter valued at about $30,000. National Bank of Canada FI raised its stake in 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 acquiring an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 1,370 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UEC has been the subject of several recent research reports. HC Wainwright reaffirmed a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. National Bank Financial initiated coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $10.60.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $4.45 on Friday. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.93. The business’s fifty day moving average price is $6.08 and its two-hundred day moving average price is $6.73. The company has a market capitalization of $1.88 billion, a P/E ratio of -37.08 and a beta of 1.88.

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.