Bank of Montreal Can Trims Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of Montreal Can decreased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,544 shares of the basic materials company’s stock after selling 4,705 shares during the period. Bank of Montreal Can’s holdings in Uranium Energy were worth $265,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd raised its stake in Uranium Energy by 21.1% in the fourth 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 raised its position in shares of 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 acquiring an additional 1,600 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Uranium Energy by 1.4% in the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after purchasing an additional 1,692 shares during the period. Sei Investments Co. boosted its position in shares of Uranium Energy by 9.7% during the fourth 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 in the last quarter. Finally, Ballentine Partners LLC grew its stake in Uranium Energy by 11.7% in the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 1,795 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Trading Up 1.7 %

UEC stock opened at $5.27 on Friday. The stock’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $6.53. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93. The stock has a market capitalization of $2.23 billion, a PE ratio of -43.92 and a beta of 1.88.

Analyst Upgrades and Downgrades

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

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.