Financial Security Advisor Inc. Lowers Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Financial Security Advisor Inc. reduced its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,995 shares of the basic materials company’s stock after selling 5,500 shares during the period. Financial Security Advisor Inc.’s holdings in Uranium Energy were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UEC. Creative Planning lifted its position in shares of Uranium Energy by 68.6% in the third quarter. Creative Planning now owns 84,580 shares of the basic materials company’s stock worth $525,000 after buying an additional 34,423 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Uranium Energy by 222.7% in the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock worth $165,000 after buying an additional 18,365 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Uranium Energy in the third quarter worth about $89,000. Pallas Capital Advisors LLC purchased a new stake in shares of Uranium Energy in the third quarter worth about $84,000. Finally, US Bancorp DE lifted its position in shares of Uranium Energy by 62.0% in the third quarter. US Bancorp DE now owns 20,700 shares of the basic materials company’s stock worth $129,000 after buying an additional 7,923 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $5.42 on Friday. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93. The company has a market capitalization of $2.29 billion, a PE ratio of -45.17 and a beta of 1.88. The business has a 50 day moving average price of $6.60.

Wall Street Analysts Forecast Growth

UEC has been the topic of a number of recent research reports. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. HC Wainwright upped their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, National Bank Financial initiated coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective on the stock.

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.