Commonwealth Equity Services LLC Sells 5,760 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Commonwealth Equity Services LLC cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,379 shares of the basic materials company’s stock after selling 5,760 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Uranium Energy were worth $257,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UEC. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of Uranium Energy by 21.1% during the fourth 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. Integrated Wealth Concepts LLC boosted its stake in Uranium Energy by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares during the last quarter. US Bancorp DE raised its stake in shares of Uranium Energy by 7.7% in the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 1,600 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after buying an additional 1,692 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after buying an additional 1,713 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Price Performance

UEC opened at $4.00 on Wednesday. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The company has a fifty day moving average price of $5.83 and a 200-day moving average price of $6.67. The firm has a market capitalization of $1.69 billion, a P/E ratio of -33.33 and a beta of 1.88.

Analyst Ratings Changes

Several research firms have recently issued reports on UEC. 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. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $10.60.

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.