Lake Street Advisors Group LLC Grows Stock Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Advisors Group LLC grew its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 99.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 326,707 shares of the basic materials company’s stock after buying an additional 163,097 shares during the period. Lake Street Advisors Group LLC owned approximately 0.08% of Uranium Energy worth $2,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Navellier & Associates Inc. boosted its holdings in shares of Uranium Energy by 26.7% in the 4th quarter. Navellier & Associates Inc. now owns 82,708 shares of the basic materials company’s stock worth $553,000 after purchasing an additional 17,439 shares during the period. Handelsbanken Fonder AB lifted its position in Uranium Energy by 4.9% in the fourth quarter. Handelsbanken Fonder AB now owns 127,100 shares of the basic materials company’s stock worth $850,000 after buying an additional 5,900 shares during the last quarter. Alberta Investment Management Corp boosted its stake in Uranium Energy by 175.9% during the fourth quarter. Alberta Investment Management Corp now owns 244,682 shares of the basic materials company’s stock worth $1,637,000 after buying an additional 156,007 shares during the period. New York State Common Retirement Fund increased its position in Uranium Energy by 12.9% during the fourth quarter. New York State Common Retirement Fund now owns 123,549 shares of the basic materials company’s stock valued at $827,000 after acquiring an additional 14,100 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Uranium Energy in the fourth quarter valued at $188,000. 62.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HC Wainwright lifted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th.

Uranium Energy Trading Down 3.6 %

NYSEAMERICAN UEC opened at $5.40 on Wednesday. The company has a market capitalization of $2.28 billion, a PE ratio of -45.00 and a beta of 1.88. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The business has a 50-day moving average of $6.60.

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.