Nisa Investment Advisors LLC Has $63,000 Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Nisa Investment Advisors LLC trimmed its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 34.3% in the first quarter, Holdings Channel.com reports. The firm owned 13,169 shares of the basic materials company’s stock after selling 6,873 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Uranium Energy were worth $63,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. grew its stake in Uranium Energy by 194.6% in the fourth quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company’s stock valued at $7,649,000 after purchasing an additional 755,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Uranium Energy by 101.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,196 shares of the basic materials company’s stock valued at $111,000 after buying an additional 11,688 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Uranium Energy in the 4th quarter valued at approximately $1,007,000. Swiss National Bank increased its holdings in Uranium Energy by 1.4% in the fourth quarter. Swiss National Bank now owns 809,200 shares of the basic materials company’s stock worth $5,414,000 after buying an additional 11,300 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Uranium Energy by 239.4% during the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company’s stock valued at $45,036,000 after acquiring an additional 4,748,138 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $8.03 on Friday. The business’s 50-day simple moving average is $6.35 and its 200-day simple moving average is $6.33. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -47.23 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets initiated coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 target price for the company. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $10.13.

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.