LPL Financial LLC Purchases 80,063 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

LPL Financial LLC boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 78.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,338 shares of the basic materials company’s stock after buying an additional 80,063 shares during the quarter. LPL Financial LLC’s holdings in Uranium Energy were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after buying an additional 1,370 shares in the last quarter. US Bancorp DE increased its stake in Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after buying an additional 1,600 shares in the last quarter. Arizona State Retirement System raised its holdings in Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 1,692 shares during the period. Sei Investments Co. boosted its holdings in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in Uranium Energy by 11.7% in the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,795 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Up 4.8 %

UEC stock opened at $5.05 on Friday. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -42.08 and a beta of 1.88. The business has a fifty day simple moving average of $5.36 and a 200-day simple moving average of $6.56.

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.