Sherbrooke Park Advisers LLC Acquires Shares of 44,973 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,973 shares of the basic materials company’s stock, valued at approximately $301,000.

Other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Uranium Energy in the 4th quarter worth about $130,000. Polar Asset Management Partners Inc. bought a new stake in shares of Uranium Energy in the 4th quarter worth about $2,415,000. ProShare Advisors LLC lifted its holdings in shares of Uranium Energy by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 112,348 shares of the basic materials company’s stock worth $752,000 after acquiring an additional 36,965 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Uranium Energy in the 4th quarter worth about $76,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Uranium Energy by 47.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,557,012 shares of the basic materials company’s stock worth $10,416,000 after acquiring an additional 504,471 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 5.9%

NYSEAMERICAN:UEC opened at $5.29 on Monday. The company has a market cap of $2.24 billion, a PE ratio of -44.08 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93. The company’s 50 day moving average is $5.08 and its two-hundred day moving average is $6.44.

Analysts Set New Price Targets

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