Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Sold by Numerai GP LLC

Numerai GP LLC trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 87.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,257 shares of the basic materials company’s stock after selling 103,046 shares during the period. Numerai GP LLC’s holdings in Uranium Energy were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. grew its holdings in shares of Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,515 shares during the period. Generali Investments Management Co LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at about $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of Uranium Energy by 21.1% in 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 purchasing an additional 1,370 shares during the period. Total Wealth Planning LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at about $67,000. Finally, Altshuler Shaham Ltd purchased a new position in Uranium Energy during the fourth quarter worth about $67,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research note on Wednesday, March 12th. 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. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Stock Down 5.9%

Shares of Uranium Energy stock opened at $5.29 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of -44.08 and a beta of 1.88. 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 $5.08 and a 200 day moving average of $6.44.

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.