J.W. Cole Advisors Inc. Invests $35,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

J.W. Cole Advisors Inc. acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,100 shares of the basic materials company’s stock, valued at approximately $35,000.

Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Uranium Energy by 111.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,500 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 5,000 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Uranium Energy during the 2nd quarter worth approximately $34,000. Financial Sense Advisors Inc. purchased a new position in Uranium Energy in the second quarter worth $35,000. Nisa Investment Advisors LLC increased its position in shares of Uranium Energy by 63.1% during the second quarter. Nisa Investment Advisors LLC now owns 12,725 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 4,925 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Uranium Energy in the 3rd quarter worth $39,000. 40.37% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

UEC opened at $3.94 on Tuesday. Uranium Energy Corp. has a twelve month low of $2.34 and a twelve month high of $6.60. The stock has a market cap of $1.46 billion, a P/E ratio of 197.10 and a beta of 2.01.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UEC. HC Wainwright boosted their price target on Uranium Energy from $7.25 to $8.25 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Canaccord Genuity Group upped their target price on Uranium Energy from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, October 13th.

Uranium Energy Profile

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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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.