Emerald Advisers LLC Purchases Shares of 1,661,299 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Emerald Advisers LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,661,299 shares of the basic materials company’s stock, valued at approximately $11,114,000. Emerald Advisers LLC owned 0.39% of Uranium Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Uranium Energy during the 3rd quarter valued at $12,643,000. Segra Capital Management LLC increased its stake in shares of Uranium Energy by 81.0% in the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after buying an additional 1,806,529 shares in the last quarter. Van ECK Associates Corp lifted its position in Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock worth $44,174,000 after buying an additional 1,645,919 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after acquiring an additional 1,597,108 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Uranium Energy by 194.6% in the 4th quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company’s stock valued at $7,649,000 after acquiring an additional 755,285 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $5.53 on Friday. The firm has a 50 day moving average price of $6.49 and a 200 day moving average price of $6.84. The stock has a market cap of $2.34 billion, a P/E ratio of -46.08 and a beta of 1.88. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93.

Wall Street Analyst Weigh In

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

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.