Wellington Management Group LLP Decreases Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wellington Management Group LLP lessened its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 9.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 660,860 shares of the basic materials company’s stock after selling 65,751 shares during the quarter. Wellington Management Group LLP’s holdings in Uranium Energy were worth $4,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. DnB Asset Management AS purchased a new stake in shares of Uranium Energy during the fourth quarter worth about $82,000. Norges Bank acquired a new position in shares of Uranium Energy during the fourth quarter valued at approximately $100,773,000. JPMorgan Chase & Co. lifted its position in shares of Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after acquiring an additional 4,982,949 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Uranium Energy by 3,326.5% in the fourth quarter. Prestige Wealth Management Group LLC now owns 34,265 shares of the basic materials company’s stock valued at $229,000 after acquiring an additional 33,265 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new stake in shares of Uranium Energy in the fourth quarter worth approximately $11,114,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $4.68 on Friday. The company’s 50-day moving average is $5.58 and its two-hundred day moving average is $6.61. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -39.00 and a beta of 1.88.

Analysts Set New Price Targets

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

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.