Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 52.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,499,842 shares of the basic materials company’s stock after acquiring an additional 3,259,704 shares during the period. Driehaus Capital Management LLC’s holdings in Uranium Energy were worth $63,554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UEC. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in 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 worth $53,000 after purchasing an additional 1,370 shares in the last quarter. US Bancorp DE raised its holdings in shares of Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,600 shares during the period. Arizona State Retirement System raised its holdings in shares of Uranium Energy by 1.4% in the 4th 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 period. Sei Investments Co. lifted its stake in Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,710 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Uranium Energy by 11.7% during the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 1,795 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

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

Uranium Energy Stock Up 4.0 %

Shares of Uranium Energy stock opened at $5.77 on Thursday. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93. The company has a 50 day moving average of $5.03 and a 200 day moving average of $6.48. The company has a market capitalization of $2.44 billion, a P/E ratio of -48.08 and a beta of 1.88.

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.